This property looks like a bad Mid-Term investment with a projected -18.46% first-year return on $311k initial cash invested.
-18.46%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$7,026
Rent
-$4,784
Cashflow
Cash Flow
$7,026 income − $11,810 expenses = $4,784 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.3%
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
$7,026
Total Expenses
$11,810
Mortgage P&I
109%
$7,631
Property Taxes
19%
$1,302
Home Insurance
7%
$488
HOA
0%
$0
Property Management
12%
$843
CapEx
4%
$281
Vacancy
3%
$211
Maintenance
4%
$281
Other
11%
$773