This property looks like a bad Mid-Term investment with a projected -10.01% first-year return on $294k initial cash invested.
-10.01%
Cash On Cash
4.53%
Cap Rate
0.7
DSCR
$8,840
Rent
-$2,451
Cashflow
Cash Flow
$8,840 income − $11,291 expenses = $2,451 out of pocket
Investment Breakdown
|
Purchase Price
$1314k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$263k
Closing costs
1%
$13,138
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,840
Total Expenses
$11,291
Mortgage P&I
80%
$7,056
Property Taxes
9%
$757
Home Insurance
5%
$472
HOA
0%
$0
Property Management
12%
$1,061
CapEx
4%
$354
Vacancy
3%
$265
Maintenance
4%
$354
Other
11%
$972