This property looks like a bad Mid-Term investment with a projected -19.35% first-year return on $294k initial cash invested.
-19.35%
Cash On Cash
2.02%
Cap Rate
0.33
DSCR
$5,400
Rent
-$4,748
Cashflow
Cash Flow
$5,400 income − $10,148 expenses = $4,748 out of pocket
Investment Breakdown
|
Purchase Price
$1316k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$263k
Closing costs
1%
$13,161
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,400
Total Expenses
$10,148
Mortgage P&I
125%
$6,742
Property Taxes
20%
$1,098
Home Insurance
9%
$472
HOA
0%
$0
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594