This property looks like a bad Mid-Term investment with a projected -17.69% first-year return on $305k initial cash invested.
-17.69%
Cash On Cash
2.59%
Cap Rate
0.41
DSCR
$6,663
Rent
-$4,500
Cashflow
Cash Flow
$6,663 income − $11,163 expenses = $4,500 out of pocket
Investment Breakdown
|
Purchase Price
$1368k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$274k
Closing costs
1%
$13,677
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,663
Total Expenses
$11,163
Mortgage P&I
108%
$7,187
Property Taxes
19%
$1,271
Home Insurance
7%
$438
HOA
0%
$0
Property Management
12%
$800
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$733