This property looks like a bad Mid-Term investment with a projected -18.55% first-year return on $310k initial cash invested.
-18.55%
Cash On Cash
2.64%
Cap Rate
0.4
DSCR
$7,017
Rent
-$4,789
Cashflow
Cash Flow
$7,017 income − $11,806 expenses = $4,789 out of pocket
Investment Breakdown
|
Purchase Price
$1390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$278k
Closing costs
1%
$13,899
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,017
Total Expenses
$11,806
Mortgage P&I
108%
$7,566
Property Taxes
19%
$1,367
Home Insurance
7%
$486
HOA
0%
$0
Property Management
12%
$842
CapEx
4%
$281
Vacancy
3%
$211
Maintenance
4%
$281
Other
11%
$772