This property looks like a bad Mid-Term investment with a projected -18.14% first-year return on $306k initial cash invested.
-18.14%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$6,542
Rent
-$4,632
Cashflow
Cash Flow
$6,542 income − $11,174 expenses = $4,632 out of pocket
Investment Breakdown
|
Purchase Price
$1373k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$306k
Downpayment
20%
$275k
Closing costs
1%
$13,731
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,542
Total Expenses
$11,174
Mortgage P&I
114%
$7,456
Property Taxes
15%
$1,003
Home Insurance
7%
$490
HOA
0%
$0
Property Management
12%
$785
CapEx
4%
$262
Vacancy
3%
$196
Maintenance
4%
$262
Other
11%
$720