This property looks like a bad Mid-Term investment with a projected -24.33% first-year return on $295k initial cash invested.
-24.33%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$3,400
Rent
-$5,987
Cashflow
Cash Flow
$3,400 income − $9,387 expenses = $5,987 out of pocket
Investment Breakdown
|
Purchase Price
$1321k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$264k
Closing costs
1%
$13,205
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,400
Total Expenses
$9,387
Mortgage P&I
203%
$6,908
Property Taxes
25%
$833
Home Insurance
14%
$490
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374