This property looks like a bad Mid-Term investment with a projected -25.73% first-year return on $312k initial cash invested.
-25.73%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$1,671
Rent
-$6,690
Cashflow
Cash Flow
$1,671 income − $8,361 expenses = $6,690 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,671
Total Expenses
$8,361
Mortgage P&I
427%
$7,132
Property Taxes
10%
$170
Home Insurance
29%
$490
HOA
0%
$0
Property Management
12%
$201
CapEx
4%
$67
Vacancy
3%
$50
Maintenance
4%
$67
Other
11%
$184