This property looks like a bad Mid-Term investment with a projected -21.96% first-year return on $297k initial cash invested.
-21.96%
Cash On Cash
1.63%
Cap Rate
0.26
DSCR
$4,514
Rent
-$5,429
Cashflow
Cash Flow
$4,514 income − $9,943 expenses = $5,429 out of pocket
Investment Breakdown
|
Purchase Price
$1327k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$265k
Closing costs
1%
$13,267
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,514
Total Expenses
$9,943
Mortgage P&I
156%
$7,053
Property Taxes
20%
$901
Home Insurance
10%
$453
HOA
0%
$0
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$135
Maintenance
4%
$181
Other
11%
$497