This property looks like a bad Mid-Term investment with a projected -14.25% first-year return on $307k initial cash invested.
-14.25%
Cash On Cash
3.15%
Cap Rate
0.52
DSCR
$7,251
Rent
-$3,643
Cashflow
Cash Flow
$7,251 income − $10,894 expenses = $3,643 out of pocket
Investment Breakdown
|
Purchase Price
$1375k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$307k
Downpayment
20%
$275k
Closing costs
1%
$13,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,251
Total Expenses
$10,894
Mortgage P&I
96%
$6,962
Property Taxes
14%
$985
Home Insurance
7%
$481
HOA
0%
$0
Property Management
12%
$870
CapEx
4%
$290
Vacancy
3%
$218
Maintenance
4%
$290
Other
11%
$798