This property looks like a bad Mid-Term investment with a projected -18.24% first-year return on $313k initial cash invested.
-18.24%
Cash On Cash
2.75%
Cap Rate
0.42
DSCR
$7,311
Rent
-$4,752
Cashflow
Cash Flow
$7,311 income − $12,063 expenses = $4,752 out of pocket
Investment Breakdown
|
Purchase Price
$1403k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$313k
Downpayment
20%
$281k
Closing costs
1%
$14,033
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,311
Total Expenses
$12,063
Mortgage P&I
105%
$7,679
Property Taxes
19%
$1,401
Home Insurance
7%
$499
HOA
0%
$0
Property Management
12%
$877
CapEx
4%
$292
Vacancy
3%
$219
Maintenance
4%
$292
Other
11%
$804