This property looks like a bad Mid-Term investment with a projected -18.59% first-year return on $312k initial cash invested.
-18.59%
Cash On Cash
2.51%
Cap Rate
0.39
DSCR
$6,854
Rent
-$4,831
Cashflow
Cash Flow
$6,854 income − $11,685 expenses = $4,831 out of pocket
Investment Breakdown
|
Purchase Price
$1399k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$13,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,854
Total Expenses
$11,685
Mortgage P&I
109%
$7,478
Property Taxes
20%
$1,387
Home Insurance
7%
$490
HOA
0%
$0
Property Management
12%
$822
CapEx
4%
$274
Vacancy
3%
$206
Maintenance
4%
$274
Other
11%
$754