This property looks like a bad Mid-Term investment with a projected -21.37% first-year return on $294k initial cash invested.
-21.37%
Cash On Cash
1.67%
Cap Rate
0.27
DSCR
$4,668
Rent
-$5,234
Cashflow
Cash Flow
$4,668 income − $9,902 expenses = $5,234 out of pocket
Investment Breakdown
|
Purchase Price
$1314k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$263k
Closing costs
1%
$13,138
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,668
Total Expenses
$9,902
Mortgage P&I
147%
$6,879
Property Taxes
21%
$957
Home Insurance
10%
$479
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513