This property looks like a bad Mid-Term investment with a projected -23.4% first-year return on $315k initial cash invested.
-23.4%
Cash On Cash
1.03%
Cap Rate
0.17
DSCR
$4,972
Rent
-$6,152
Cashflow
Cash Flow
$4,972 income − $11,124 expenses = $6,152 out of pocket
Investment Breakdown
|
Purchase Price
$1417k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$315k
Downpayment
20%
$283k
Closing costs
1%
$14,165
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,972
Total Expenses
$11,124
Mortgage P&I
144%
$7,163
Property Taxes
35%
$1,754
Home Insurance
10%
$516
HOA
0%
$0
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547