This property looks like a bad Mid-Term investment with a projected -19.64% first-year return on $301k initial cash invested.
-19.64%
Cash On Cash
2.3%
Cap Rate
0.35
DSCR
$5,601
Rent
-$4,928
Cashflow
Cash Flow
$5,601 income − $10,529 expenses = $4,928 out of pocket
Investment Breakdown
|
Purchase Price
$1348k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$301k
Downpayment
20%
$270k
Closing costs
1%
$13,480
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,601
Total Expenses
$10,529
Mortgage P&I
130%
$7,287
Property Taxes
14%
$790
Home Insurance
9%
$488
HOA
1%
$60
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616