This property looks like a bad Mid-Term investment with a projected -18.5% first-year return on $296k initial cash invested.
-18.5%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$7,074
Rent
-$4,568
Cashflow
Cash Flow
$7,074 income − $11,642 expenses = $4,568 out of pocket
Investment Breakdown
|
Purchase Price
$1325k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$296k
Downpayment
20%
$265k
Closing costs
1%
$13,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,074
Total Expenses
$11,642
Mortgage P&I
102%
$7,239
Property Taxes
17%
$1,215
Home Insurance
7%
$464
HOA
5%
$319
Property Management
12%
$849
CapEx
4%
$283
Vacancy
3%
$212
Maintenance
4%
$283
Other
11%
$778