This property looks like a bad Mid-Term investment with a projected -16.57% first-year return on $304k initial cash invested.
-16.57%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$6,970
Rent
-$4,199
Cashflow
Cash Flow
$6,970 income − $11,169 expenses = $4,199 out of pocket
Investment Breakdown
|
Purchase Price
$1363k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$304k
Downpayment
20%
$273k
Closing costs
1%
$13,626
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,970
Total Expenses
$11,169
Mortgage P&I
104%
$7,266
Property Taxes
16%
$1,131
Home Insurance
6%
$402
HOA
0%
$0
Property Management
12%
$836
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$767