This property looks like a bad Mid-Term investment with a projected -21.54% first-year return on $292k initial cash invested.
-21.54%
Cash On Cash
2.22%
Cap Rate
0.33
DSCR
$5,900
Rent
-$5,240
Cashflow
Cash Flow
$5,900 income − $11,140 expenses = $5,240 out of pocket
Investment Breakdown
|
Purchase Price
$1304k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$292k
Downpayment
20%
$261k
Closing costs
1%
$13,042
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,900
Total Expenses
$11,140
Mortgage P&I
126%
$7,420
Property Taxes
21%
$1,250
Home Insurance
8%
$464
HOA
0%
$0
Property Management
12%
$708
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$649