This property looks like a bad Mid-Term investment with a projected -23.56% first-year return on $299k initial cash invested.
-23.56%
Cash On Cash
1.65%
Cap Rate
0.24
DSCR
$3,634
Rent
-$5,878
Cashflow
Cash Flow
$3,634 income − $9,512 expenses = $5,878 out of pocket
Investment Breakdown
|
Purchase Price
$1340k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$299k
Downpayment
20%
$268k
Closing costs
1%
$13,400
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,634
Total Expenses
$9,512
Mortgage P&I
209%
$7,580
Property Taxes
6%
$228
Home Insurance
13%
$469
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400