This property looks like a bad Mid-Term investment with a projected -23.39% first-year return on $310k initial cash invested.
-23.39%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$5,193
Rent
-$6,048
Cashflow
Cash Flow
$5,193 income − $11,241 expenses = $6,048 out of pocket
Investment Breakdown
|
Purchase Price
$1392k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$278k
Closing costs
1%
$13,920
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,193
Total Expenses
$11,241
Mortgage P&I
147%
$7,614
Property Taxes
26%
$1,353
Home Insurance
10%
$508
HOA
0%
$0
Property Management
12%
$623
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$571