This property looks like a bad Mid-Term investment with a projected -23.32% first-year return on $305k initial cash invested.
-23.32%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$4,270
Rent
-$5,921
Cashflow
Cash Flow
$4,270 income − $10,191 expenses = $5,921 out of pocket
Investment Breakdown
|
Purchase Price
$1365k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$273k
Closing costs
1%
$13,650
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,270
Total Expenses
$10,191
Mortgage P&I
176%
$7,495
Property Taxes
15%
$637
Home Insurance
11%
$478
HOA
3%
$129
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470