This property looks like a bad Mid-Term investment with a projected -22.06% first-year return on $302k initial cash invested.
-22.06%
Cash On Cash
1.66%
Cap Rate
0.26
DSCR
$4,352
Rent
-$5,557
Cashflow
Cash Flow
$4,352 income − $9,909 expenses = $5,557 out of pocket
Investment Breakdown
|
Purchase Price
$1354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$302k
Downpayment
20%
$271k
Closing costs
1%
$13,536
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,352
Total Expenses
$9,909
Mortgage P&I
167%
$7,252
Property Taxes
16%
$691
Home Insurance
11%
$486
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479