This property looks like a bad Mid-Term investment with a projected -20.98% first-year return on $310k initial cash invested.
-20.98%
Cash On Cash
2.14%
Cap Rate
0.32
DSCR
$5,372
Rent
-$5,411
Cashflow
Cash Flow
$5,372 income − $10,783 expenses = $5,411 out of pocket
Investment Breakdown
|
Purchase Price
$1388k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$278k
Closing costs
1%
$13,882
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,372
Total Expenses
$10,783
Mortgage P&I
143%
$7,673
Property Taxes
15%
$793
Home Insurance
9%
$490
HOA
0%
$0
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$591