This property looks like a bad Mid-Term investment with a projected -18.98% first-year return on $312k initial cash invested.
-18.98%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$6,795
Rent
-$4,934
Cashflow
Cash Flow
$6,795 income − $11,729 expenses = $4,934 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,795
Total Expenses
$11,729
Mortgage P&I
112%
$7,622
Property Taxes
19%
$1,307
Home Insurance
7%
$490
HOA
0%
$0
Property Management
12%
$815
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$747