This property looks like a bad Mid-Term investment with a projected -18.88% first-year return on $300k initial cash invested.
-18.88%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$6,062
Rent
-$4,724
Cashflow
Cash Flow
$6,062 income − $10,786 expenses = $4,724 out of pocket
Investment Breakdown
|
Purchase Price
$1344k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$300k
Downpayment
20%
$269k
Closing costs
1%
$13,440
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,062
Total Expenses
$10,786
Mortgage P&I
121%
$7,335
Property Taxes
15%
$903
Home Insurance
8%
$488
HOA
0%
$0
Property Management
12%
$727
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$667