This property looks like a bad Mid-Term investment with a projected -19.02% first-year return on $310k initial cash invested.
-19.02%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$7,028
Rent
-$4,909
Cashflow
Cash Flow
$7,028 income − $11,937 expenses = $4,909 out of pocket
Investment Breakdown
|
Purchase Price
$1389k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$278k
Closing costs
1%
$13,889
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,028
Total Expenses
$11,937
Mortgage P&I
110%
$7,696
Property Taxes
19%
$1,366
Home Insurance
7%
$486
HOA
0%
$0
Property Management
12%
$843
CapEx
4%
$281
Vacancy
3%
$211
Maintenance
4%
$281
Other
11%
$773