This property looks like a bad Mid-Term investment with a projected -19.98% first-year return on $302k initial cash invested.
-19.98%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$6,274
Rent
-$5,019
Cashflow
Cash Flow
$6,274 income − $11,293 expenses = $5,019 out of pocket
Investment Breakdown
|
Purchase Price
$1350k
Downpayment
20.0%
Interest Rate
7.2%
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
$6,274
Total Expenses
$11,293
Mortgage P&I
117%
$7,316
Property Taxes
22%
$1,372
Home Insurance
8%
$472
HOA
0%
$0
Property Management
12%
$753
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$690