This property looks like a bad Mid-Term investment with a projected -16.05% first-year return on $294k initial cash invested.
-16.05%
Cash On Cash
3.54%
Cap Rate
0.51
DSCR
$6,681
Rent
-$3,936
Cashflow
Cash Flow
$6,681 income − $10,617 expenses = $3,936 out of pocket
Investment Breakdown
|
Purchase Price
$1316k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$263k
Closing costs
1%
$13,155
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,681
Total Expenses
$10,617
Mortgage P&I
113%
$7,553
Property Taxes
4%
$294
Home Insurance
7%
$488
HOA
0%
$11
Property Management
12%
$802
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$735