This property looks like a bad Mid-Term investment with a projected -18.93% first-year return on $310k initial cash invested.
-18.93%
Cash On Cash
2.45%
Cap Rate
0.38
DSCR
$7,347
Rent
-$4,894
Cashflow
Cash Flow
$7,347 income − $12,241 expenses = $4,894 out of pocket
Investment Breakdown
|
Purchase Price
$1391k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$278k
Closing costs
1%
$13,913
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,347
Total Expenses
$12,241
Mortgage P&I
101%
$7,445
Property Taxes
19%
$1,412
Home Insurance
8%
$560
HOA
4%
$326
Property Management
12%
$882
CapEx
4%
$294
Vacancy
3%
$220
Maintenance
4%
$294
Other
11%
$808