This property looks like a bad Mid-Term investment with a projected -25.87% first-year return on $295k initial cash invested.
-25.87%
Cash On Cash
0.68%
Cap Rate
0.11
DSCR
$3,048
Rent
-$6,354
Cashflow
Cash Flow
$3,048 income − $9,402 expenses = $6,354 out of pocket
Investment Breakdown
|
Purchase Price
$1318k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$264k
Closing costs
1%
$13,178
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,048
Total Expenses
$9,402
Mortgage P&I
229%
$6,981
Property Taxes
29%
$895
Home Insurance
16%
$490
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335