This property looks like a bad Mid-Term investment with a projected -17.89% first-year return on $300k initial cash invested.
-17.89%
Cash On Cash
2.85%
Cap Rate
0.44
DSCR
$8,210
Rent
-$4,477
Cashflow
Cash Flow
$8,210 income − $12,687 expenses = $4,477 out of pocket
Investment Breakdown
|
Purchase Price
$1344k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$300k
Downpayment
20%
$269k
Closing costs
1%
$13,442
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,210
Total Expenses
$12,687
Mortgage P&I
89%
$7,345
Property Taxes
25%
$2,080
Home Insurance
6%
$472
HOA
0%
$0
Property Management
12%
$985
CapEx
4%
$328
Vacancy
3%
$246
Maintenance
4%
$328
Other
11%
$903