This property looks like a bad Mid-Term investment with a projected -22.67% first-year return on $302k initial cash invested.
-22.67%
Cash On Cash
1.28%
Cap Rate
0.2
DSCR
$2,734
Rent
-$5,696
Cashflow
Cash Flow
$2,734 income − $8,430 expenses = $5,696 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
$2,734
Total Expenses
$8,430
Mortgage P&I
257%
$7,022
Property Taxes
0%
$7
Home Insurance
17%
$472
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$301