This property looks like a bad Mid-Term investment with a projected -16.79% first-year return on $301k initial cash invested.
-16.79%
Cash On Cash
2.82%
Cap Rate
0.45
DSCR
$7,324
Rent
-$4,210
Cashflow
Cash Flow
$7,324 income − $11,534 expenses = $4,210 out of pocket
Investment Breakdown
|
Purchase Price
$1347k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$301k
Downpayment
20%
$269k
Closing costs
1%
$13,474
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,324
Total Expenses
$11,534
Mortgage P&I
97%
$7,079
Property Taxes
17%
$1,214
Home Insurance
7%
$481
HOA
4%
$269
Property Management
12%
$879
CapEx
4%
$293
Vacancy
3%
$220
Maintenance
4%
$293
Other
11%
$806