This property looks like a bad Mid-Term investment with a projected -16.31% first-year return on $304k initial cash invested.
-16.31%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$6,982
Rent
-$4,133
Cashflow
Cash Flow
$6,982 income − $11,115 expenses = $4,133 out of pocket
Investment Breakdown
|
Purchase Price
$1362k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$304k
Downpayment
20%
$272k
Closing costs
1%
$13,620
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,982
Total Expenses
$11,115
Mortgage P&I
106%
$7,433
Property Taxes
12%
$821
Home Insurance
7%
$488
HOA
0%
$0
Property Management
12%
$838
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$768