This property looks like a bad Mid-Term investment with a projected -19.64% first-year return on $295k initial cash invested.
-19.64%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$6,022
Rent
-$4,832
Cashflow
Cash Flow
$6,022 income − $10,854 expenses = $4,832 out of pocket
Investment Breakdown
|
Purchase Price
$1320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$264k
Closing costs
1%
$13,199
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,022
Total Expenses
$10,854
Mortgage P&I
121%
$7,271
Property Taxes
17%
$1,006
Home Insurance
8%
$475
HOA
1%
$54
Property Management
12%
$723
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$662