This property looks like a bad Mid-Term investment with a projected -24.22% first-year return on $296k initial cash invested.
-24.22%
Cash On Cash
1.26%
Cap Rate
0.19
DSCR
$3,412
Rent
-$5,971
Cashflow
Cash Flow
$3,412 income − $9,383 expenses = $5,971 out of pocket
Investment Breakdown
|
Purchase Price
$1323k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$296k
Downpayment
20%
$265k
Closing costs
1%
$13,233
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,412
Total Expenses
$9,383
Mortgage P&I
212%
$7,221
Property Taxes
16%
$532
Home Insurance
14%
$472
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375