This property looks like a bad Mid-Term investment with a projected -18.1% first-year return on $303k initial cash invested.
-18.1%
Cash On Cash
2.47%
Cap Rate
0.41
DSCR
$5,733
Rent
-$4,568
Cashflow
Cash Flow
$5,733 income − $10,301 expenses = $4,568 out of pocket
Investment Breakdown
|
Purchase Price
$1442k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$303k
Downpayment
20%
$288k
Closing costs
1%
$14,420
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$5,733
Total Expenses
$10,301
Mortgage P&I
127%
$7,305
Property Taxes
9%
$542
Home Insurance
9%
$505
HOA
0%
$0
Property Management
12%
$688
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$631