This property looks like a bad Mid-Term investment with a projected -16% first-year return on $300k initial cash invested.
-16%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$6,489
Rent
-$4,004
Cashflow
Cash Flow
$6,489 income − $10,493 expenses = $4,004 out of pocket
Investment Breakdown
|
Purchase Price
$1344k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$300k
Downpayment
20%
$269k
Closing costs
1%
$13,444
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,489
Total Expenses
$10,493
Mortgage P&I
113%
$7,344
Property Taxes
7%
$451
Home Insurance
8%
$490
HOA
0%
$0
Property Management
12%
$779
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$714