This property looks like a bad Mid-Term investment with a projected -17.26% first-year return on $311k initial cash invested.
-17.26%
Cash On Cash
2.85%
Cap Rate
0.44
DSCR
$7,196
Rent
-$4,473
Cashflow
Cash Flow
$7,196 income − $11,669 expenses = $4,473 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,196
Total Expenses
$11,669
Mortgage P&I
104%
$7,501
Property Taxes
17%
$1,232
Home Insurance
7%
$488
HOA
0%
$0
Property Management
12%
$864
CapEx
4%
$288
Vacancy
3%
$216
Maintenance
4%
$288
Other
11%
$792