This property looks like a bad Mid-Term investment with a projected -21.09% first-year return on $305k initial cash invested.
-21.09%
Cash On Cash
2.35%
Cap Rate
0.34
DSCR
$6,400
Rent
-$5,355
Cashflow
Cash Flow
$6,400 income − $11,755 expenses = $5,355 out of pocket
Investment Breakdown
|
Purchase Price
$1365k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$273k
Closing costs
1%
$13,650
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,400
Total Expenses
$11,755
Mortgage P&I
121%
$7,767
Property Taxes
19%
$1,234
Home Insurance
9%
$578
HOA
0%
$0
Property Management
12%
$768
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$704