This property looks like a bad Mid-Term investment with a projected -21.12% first-year return on $299k initial cash invested.
-21.12%
Cash On Cash
2.19%
Cap Rate
0.33
DSCR
$5,386
Rent
-$5,271
Cashflow
Cash Flow
$5,386 income − $10,657 expenses = $5,271 out of pocket
Investment Breakdown
|
Purchase Price
$1340k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$299k
Downpayment
20%
$268k
Closing costs
1%
$13,401
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,386
Total Expenses
$10,657
Mortgage P&I
139%
$7,502
Property Taxes
12%
$652
Home Insurance
9%
$490
HOA
3%
$183
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$162
Maintenance
4%
$215
Other
11%
$592