This property looks like a bad Mid-Term investment with a projected -18.6% first-year return on $314k initial cash invested.
-18.6%
Cash On Cash
2.54%
Cap Rate
0.4
DSCR
$7,658
Rent
-$4,865
Cashflow
Cash Flow
$7,658 income − $12,523 expenses = $4,865 out of pocket
Investment Breakdown
|
Purchase Price
$1409k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$314k
Downpayment
20%
$282k
Closing costs
1%
$14,087
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,658
Total Expenses
$12,523
Mortgage P&I
98%
$7,538
Property Taxes
19%
$1,458
Home Insurance
8%
$578
HOA
5%
$346
Property Management
12%
$919
CapEx
4%
$306
Vacancy
3%
$230
Maintenance
4%
$306
Other
11%
$842