This property looks like a bad Mid-Term investment with a projected -14.41% first-year return on $329k initial cash invested.
-14.41%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$9,208
Rent
-$3,958
Cashflow
Cash Flow
$9,208 income − $13,166 expenses = $3,958 out of pocket
Investment Breakdown
|
Purchase Price
$1483k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$329k
Downpayment
20%
$297k
Closing costs
1%
$14,833
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,208
Total Expenses
$13,166
Mortgage P&I
87%
$8,039
Property Taxes
16%
$1,473
Home Insurance
6%
$524
HOA
0%
$0
Property Management
12%
$1,105
CapEx
4%
$368
Vacancy
3%
$276
Maintenance
4%
$368
Other
11%
$1,013