This property looks like a bad Mid-Term investment with a projected -16.13% first-year return on $310k initial cash invested.
-16.13%
Cash On Cash
2.61%
Cap Rate
0.44
DSCR
$6,436
Rent
-$4,166
Cashflow
Cash Flow
$6,436 income − $10,602 expenses = $4,166 out of pocket
Investment Breakdown
|
Purchase Price
$1390k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$278k
Closing costs
1%
$13,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,436
Total Expenses
$10,602
Mortgage P&I
108%
$6,928
Property Taxes
16%
$1,001
Home Insurance
8%
$486
HOA
0%
$0
Property Management
12%
$772
CapEx
4%
$257
Vacancy
3%
$193
Maintenance
4%
$257
Other
11%
$708