This property looks like a bad Mid-Term investment with a projected -11.36% first-year return on $295k initial cash invested.
-11.36%
Cash On Cash
4.54%
Cap Rate
0.67
DSCR
$9,232
Rent
-$2,794
Cashflow
Cash Flow
$9,232 income − $12,026 expenses = $2,794 out of pocket
Investment Breakdown
|
Purchase Price
$1320k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$264k
Closing costs
1%
$13,195
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,232
Total Expenses
$12,026
Mortgage P&I
80%
$7,417
Property Taxes
11%
$1,033
Home Insurance
5%
$437
HOA
0%
$0
Property Management
12%
$1,108
CapEx
4%
$369
Vacancy
3%
$277
Maintenance
4%
$369
Other
11%
$1,016