This property looks like a bad Mid-Term investment with a projected -17.96% first-year return on $307k initial cash invested.
-17.96%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$8,295
Rent
-$4,601
Cashflow
Cash Flow
$8,295 income − $12,896 expenses = $4,601 out of pocket
Investment Breakdown
|
Purchase Price
$1378k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$307k
Downpayment
20%
$276k
Closing costs
1%
$13,778
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,295
Total Expenses
$12,896
Mortgage P&I
92%
$7,620
Property Taxes
19%
$1,536
Home Insurance
6%
$490
HOA
5%
$430
Property Management
12%
$995
CapEx
4%
$332
Vacancy
3%
$249
Maintenance
4%
$332
Other
11%
$912