This property looks like a bad Mid-Term investment with a projected -21.38% first-year return on $320k initial cash invested.
-21.38%
Cash On Cash
1.92%
Cap Rate
0.3
DSCR
$6,243
Rent
-$5,699
Cashflow
Cash Flow
$6,243 income − $11,942 expenses = $5,699 out of pocket
Investment Breakdown
|
Purchase Price
$1438k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$320k
Downpayment
20%
$288k
Closing costs
1%
$14,377
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,243
Total Expenses
$11,942
Mortgage P&I
124%
$7,747
Property Taxes
24%
$1,474
Home Insurance
8%
$508
HOA
1%
$90
Property Management
12%
$749
CapEx
4%
$250
Vacancy
3%
$187
Maintenance
4%
$250
Other
11%
$687