This property looks like a bad Mid-Term investment with a projected -15.11% first-year return on $302k initial cash invested.
-15.11%
Cash On Cash
3.14%
Cap Rate
0.5
DSCR
$6,410
Rent
-$3,796
Cashflow
Cash Flow
$6,410 income − $10,206 expenses = $3,796 out of pocket
Investment Breakdown
|
Purchase Price
$1350k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$302k
Downpayment
20%
$270k
Closing costs
1%
$13,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,410
Total Expenses
$10,206
Mortgage P&I
110%
$7,077
Property Taxes
6%
$394
Home Insurance
7%
$472
HOA
1%
$85
Property Management
12%
$769
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$705