This property looks like a bad Mid-Term investment with a projected -23.56% first-year return on $312k initial cash invested.
-23.56%
Cash On Cash
0.9%
Cap Rate
0.15
DSCR
$3,300
Rent
-$6,125
Cashflow
Cash Flow
$3,300 income − $9,425 expenses = $6,125 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,300
Total Expenses
$9,425
Mortgage P&I
214%
$7,047
Property Taxes
22%
$735
Home Insurance
15%
$490
HOA
1%
$31
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363