This property looks like a bad Mid-Term investment with a projected -17.25% first-year return on $292k initial cash invested.
-17.25%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$7,652
Rent
-$4,193
Cashflow
Cash Flow
$7,652 income − $11,845 expenses = $4,193 out of pocket
Investment Breakdown
|
Purchase Price
$1303k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$292k
Downpayment
20%
$261k
Closing costs
1%
$13,033
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,652
Total Expenses
$11,845
Mortgage P&I
93%
$7,128
Property Taxes
22%
$1,660
Home Insurance
6%
$455
HOA
0%
$0
Property Management
12%
$918
CapEx
4%
$306
Vacancy
3%
$230
Maintenance
4%
$306
Other
11%
$842