This property looks like a bad Mid-Term investment with a projected -14.24% first-year return on $302k initial cash invested.
-14.24%
Cash On Cash
3.36%
Cap Rate
0.54
DSCR
$7,404
Rent
-$3,588
Cashflow
Cash Flow
$7,404 income − $10,992 expenses = $3,588 out of pocket
Investment Breakdown
|
Purchase Price
$1354k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$302k
Downpayment
20%
$271k
Closing costs
1%
$13,538
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,404
Total Expenses
$10,992
Mortgage P&I
96%
$7,084
Property Taxes
14%
$1,015
Home Insurance
5%
$349
HOA
0%
$28
Property Management
12%
$888
CapEx
4%
$296
Vacancy
3%
$222
Maintenance
4%
$296
Other
11%
$814