This property looks like a bad Mid-Term investment with a projected -28.22% first-year return on $305k initial cash invested.
-28.22%
Cash On Cash
0.6%
Cap Rate
0.09
DSCR
$2,622
Rent
-$7,175
Cashflow
Cash Flow
$2,622 income − $9,797 expenses = $7,175 out of pocket
Investment Breakdown
|
Purchase Price
$1367k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$273k
Closing costs
1%
$13,671
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,622
Total Expenses
$9,797
Mortgage P&I
296%
$7,758
Property Taxes
24%
$639
Home Insurance
19%
$508
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288