This property looks like a bad Mid-Term investment with a projected -19.87% first-year return on $299k initial cash invested.
-19.87%
Cash On Cash
2.3%
Cap Rate
0.35
DSCR
$6,116
Rent
-$4,948
Cashflow
Cash Flow
$6,116 income − $11,064 expenses = $4,948 out of pocket
Investment Breakdown
|
Purchase Price
$1338k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$299k
Downpayment
20%
$268k
Closing costs
1%
$13,375
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,116
Total Expenses
$11,064
Mortgage P&I
119%
$7,267
Property Taxes
15%
$912
Home Insurance
8%
$486
HOA
5%
$319
Property Management
12%
$734
CapEx
4%
$245
Vacancy
3%
$183
Maintenance
4%
$245
Other
11%
$673