This property looks like a bad Mid-Term investment with a projected -18.5% first-year return on $297k initial cash invested.
-18.5%
Cash On Cash
2.98%
Cap Rate
0.43
DSCR
$6,502
Rent
-$4,574
Cashflow
Cash Flow
$6,502 income − $11,076 expenses = $4,574 out of pocket
Investment Breakdown
|
Purchase Price
$1327k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$265k
Closing costs
1%
$13,272
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,502
Total Expenses
$11,076
Mortgage P&I
117%
$7,607
Property Taxes
4%
$264
Home Insurance
8%
$490
HOA
8%
$505
Property Management
12%
$780
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$715