This property looks like a bad Mid-Term investment with a projected -26.04% first-year return on $311k initial cash invested.
-26.04%
Cash On Cash
0.68%
Cap Rate
0.11
DSCR
$3,684
Rent
-$6,747
Cashflow
Cash Flow
$3,684 income − $10,431 expenses = $6,747 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,684
Total Expenses
$10,431
Mortgage P&I
201%
$7,389
Property Taxes
35%
$1,302
Home Insurance
13%
$488
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$405