This property looks like a bad Mid-Term investment with a projected -15.69% first-year return on $314k initial cash invested.
-15.69%
Cash On Cash
3.08%
Cap Rate
0.49
DSCR
$6,870
Rent
-$4,106
Cashflow
Cash Flow
$6,870 income − $10,976 expenses = $4,106 out of pocket
Investment Breakdown
|
Purchase Price
$1409k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$314k
Downpayment
20%
$282k
Closing costs
1%
$14,093
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,870
Total Expenses
$10,976
Mortgage P&I
108%
$7,447
Property Taxes
10%
$673
Home Insurance
8%
$520
HOA
0%
$0
Property Management
12%
$824
CapEx
4%
$275
Vacancy
3%
$206
Maintenance
4%
$275
Other
11%
$756