This property looks like a bad Mid-Term investment with a projected -22.51% first-year return on $296k initial cash invested.
-22.51%
Cash On Cash
2.06%
Cap Rate
0.3
DSCR
$4,522
Rent
-$5,556
Cashflow
Cash Flow
$4,522 income − $10,078 expenses = $5,556 out of pocket
Investment Breakdown
|
Purchase Price
$1325k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$296k
Downpayment
20%
$265k
Closing costs
1%
$13,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,522
Total Expenses
$10,078
Mortgage P&I
169%
$7,650
Property Taxes
9%
$397
Home Insurance
10%
$464
HOA
1%
$29
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497