This property looks like a bad Mid-Term investment with a projected -24% first-year return on $302k initial cash invested.
-24%
Cash On Cash
0.92%
Cap Rate
0.15
DSCR
$4,677
Rent
-$6,032
Cashflow
Cash Flow
$4,677 income − $10,709 expenses = $6,032 out of pocket
Investment Breakdown
|
Purchase Price
$1351k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$302k
Downpayment
20%
$270k
Closing costs
1%
$13,506
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,677
Total Expenses
$10,709
Mortgage P&I
147%
$6,883
Property Taxes
37%
$1,746
Home Insurance
10%
$472
HOA
0%
$19
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514