This property looks like a bad Mid-Term investment with a projected -22.62% first-year return on $306k initial cash invested.
-22.62%
Cash On Cash
1.31%
Cap Rate
0.21
DSCR
$4,740
Rent
-$5,759
Cashflow
Cash Flow
$4,740 income − $10,499 expenses = $5,759 out of pocket
Investment Breakdown
|
Purchase Price
$1369k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$306k
Downpayment
20%
$274k
Closing costs
1%
$13,694
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,740
Total Expenses
$10,499
Mortgage P&I
149%
$7,063
Property Taxes
28%
$1,345
Home Insurance
10%
$479
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$521