This property looks like a bad Mid-Term investment with a projected -17.61% first-year return on $298k initial cash invested.
-17.61%
Cash On Cash
2.91%
Cap Rate
0.44
DSCR
$7,170
Rent
-$4,371
Cashflow
Cash Flow
$7,170 income − $11,541 expenses = $4,371 out of pocket
Investment Breakdown
|
Purchase Price
$1332k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$298k
Downpayment
20%
$266k
Closing costs
1%
$13,323
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,170
Total Expenses
$11,541
Mortgage P&I
102%
$7,319
Property Taxes
17%
$1,192
Home Insurance
7%
$472
HOA
2%
$120
Property Management
12%
$860
CapEx
4%
$287
Vacancy
3%
$215
Maintenance
4%
$287
Other
11%
$789