This property looks like a bad Mid-Term investment with a projected -18.6% first-year return on $305k initial cash invested.
-18.6%
Cash On Cash
2.73%
Cap Rate
0.41
DSCR
$6,518
Rent
-$4,730
Cashflow
Cash Flow
$6,518 income − $11,248 expenses = $4,730 out of pocket
Investment Breakdown
|
Purchase Price
$1367k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$273k
Closing costs
1%
$13,673
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,518
Total Expenses
$11,248
Mortgage P&I
116%
$7,583
Property Taxes
15%
$958
Home Insurance
8%
$490
HOA
0%
$0
Property Management
12%
$782
CapEx
4%
$261
Vacancy
3%
$196
Maintenance
4%
$261
Other
11%
$717