This property looks like a bad Mid-Term investment with a projected -17.11% first-year return on $312k initial cash invested.
-17.11%
Cash On Cash
2.49%
Cap Rate
0.41
DSCR
$5,888
Rent
-$4,443
Cashflow
Cash Flow
$5,888 income − $10,331 expenses = $4,443 out of pocket
Investment Breakdown
|
Purchase Price
$1398k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$13,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,888
Total Expenses
$10,331
Mortgage P&I
121%
$7,104
Property Taxes
10%
$614
Home Insurance
8%
$489
HOA
2%
$120
Property Management
12%
$707
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$648