This property looks like a bad Mid-Term investment with a projected -18.49% first-year return on $317k initial cash invested.
-18.49%
Cash On Cash
2.55%
Cap Rate
0.4
DSCR
$6,957
Rent
-$4,881
Cashflow
Cash Flow
$6,957 income − $11,838 expenses = $4,881 out of pocket
Investment Breakdown
|
Purchase Price
$1423k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$317k
Downpayment
20%
$285k
Closing costs
1%
$14,225
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,957
Total Expenses
$11,838
Mortgage P&I
110%
$7,629
Property Taxes
18%
$1,236
Home Insurance
7%
$490
HOA
2%
$118
Property Management
12%
$835
CapEx
4%
$278
Vacancy
3%
$209
Maintenance
4%
$278
Other
11%
$765