This property looks like a bad Mid-Term investment with a projected -17.27% first-year return on $317k initial cash invested.
-17.27%
Cash On Cash
2.73%
Cap Rate
0.43
DSCR
$7,254
Rent
-$4,565
Cashflow
Cash Flow
$7,254 income − $11,819 expenses = $4,565 out of pocket
Investment Breakdown
|
Purchase Price
$1425k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$317k
Downpayment
20%
$285k
Closing costs
1%
$14,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,254
Total Expenses
$11,819
Mortgage P&I
104%
$7,512
Property Taxes
19%
$1,342
Home Insurance
7%
$499
HOA
0%
$0
Property Management
12%
$870
CapEx
4%
$290
Vacancy
3%
$218
Maintenance
4%
$290
Other
11%
$798