This property looks like a bad Mid-Term investment with a projected -17.28% first-year return on $302k initial cash invested.
-17.28%
Cash On Cash
2.41%
Cap Rate
0.4
DSCR
$4,810
Rent
-$4,342
Cashflow
Cash Flow
$4,810 income − $9,152 expenses = $4,342 out of pocket
Investment Breakdown
|
Purchase Price
$1350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$302k
Downpayment
20%
$270k
Closing costs
1%
$13,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,810
Total Expenses
$9,152
Mortgage P&I
143%
$6,862
Property Taxes
4%
$184
Home Insurance
10%
$472
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529