This property looks like a bad Mid-Term investment with a projected -22.57% first-year return on $313k initial cash invested.
-22.57%
Cash On Cash
1.72%
Cap Rate
0.26
DSCR
$5,624
Rent
-$5,895
Cashflow
Cash Flow
$5,624 income − $11,519 expenses = $5,895 out of pocket
Investment Breakdown
|
Purchase Price
$1407k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$313k
Downpayment
20%
$281k
Closing costs
1%
$14,065
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,624
Total Expenses
$11,519
Mortgage P&I
137%
$7,684
Property Taxes
25%
$1,414
Home Insurance
9%
$508
HOA
0%
$0
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$619