This property looks like a bad Mid-Term investment with a projected -17.79% first-year return on $306k initial cash invested.
-17.79%
Cash On Cash
2.95%
Cap Rate
0.44
DSCR
$6,375
Rent
-$4,529
Cashflow
Cash Flow
$6,375 income − $10,904 expenses = $4,529 out of pocket
Investment Breakdown
|
Purchase Price
$1369k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$306k
Downpayment
20%
$274k
Closing costs
1%
$13,693
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,375
Total Expenses
$10,904
Mortgage P&I
120%
$7,639
Property Taxes
10%
$608
Home Insurance
8%
$490
HOA
0%
$0
Property Management
12%
$765
CapEx
4%
$255
Vacancy
3%
$191
Maintenance
4%
$255
Other
11%
$701