This property looks like a bad Mid-Term investment with a projected -11.12% first-year return on $331k initial cash invested.
-11.12%
Cash On Cash
4.42%
Cap Rate
0.67
DSCR
$10,251
Rent
-$3,065
Cashflow
Cash Flow
$10,251 income − $13,316 expenses = $3,065 out of pocket
Investment Breakdown
|
Purchase Price
$1489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$298k
Closing costs
1%
$14,889
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,251
Total Expenses
$13,316
Mortgage P&I
79%
$8,141
Property Taxes
12%
$1,234
Home Insurance
4%
$455
HOA
0%
$0
Property Management
12%
$1,230
CapEx
4%
$410
Vacancy
3%
$308
Maintenance
4%
$410
Other
11%
$1,128