This property looks like a bad Mid-Term investment with a projected -16.69% first-year return on $301k initial cash invested.
-16.69%
Cash On Cash
2.66%
Cap Rate
0.44
DSCR
$7,670
Rent
-$4,186
Cashflow
Cash Flow
$7,670 income − $11,856 expenses = $4,186 out of pocket
Investment Breakdown
|
Purchase Price
$1348k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$301k
Downpayment
20%
$270k
Closing costs
1%
$13,475
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,670
Total Expenses
$11,856
Mortgage P&I
90%
$6,871
Property Taxes
27%
$2,045
Home Insurance
4%
$332
HOA
0%
$0
Property Management
12%
$920
CapEx
4%
$307
Vacancy
3%
$230
Maintenance
4%
$307
Other
11%
$844