This property looks like a bad Mid-Term investment with a projected -11.92% first-year return on $328k initial cash invested.
-11.92%
Cash On Cash
3.67%
Cap Rate
0.61
DSCR
$9,153
Rent
-$3,258
Cashflow
Cash Flow
$9,153 income − $12,411 expenses = $3,258 out of pocket
Investment Breakdown
|
Purchase Price
$1476k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$328k
Downpayment
20%
$295k
Closing costs
1%
$14,763
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,153
Total Expenses
$12,411
Mortgage P&I
81%
$7,401
Property Taxes
15%
$1,373
Home Insurance
6%
$525
HOA
0%
$0
Property Management
12%
$1,098
CapEx
4%
$366
Vacancy
3%
$275
Maintenance
4%
$366
Other
11%
$1,007