This property looks like a bad Mid-Term investment with a projected -22.37% first-year return on $318k initial cash invested.
-22.37%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$4,832
Rent
-$5,925
Cashflow
Cash Flow
$4,832 income − $10,757 expenses = $5,925 out of pocket
Investment Breakdown
|
Purchase Price
$1428k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$318k
Downpayment
20%
$286k
Closing costs
1%
$14,280
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,832
Total Expenses
$10,757
Mortgage P&I
161%
$7,803
Property Taxes
17%
$811
Home Insurance
10%
$500
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532