This property looks like a bad Mid-Term investment with a projected -14.28% first-year return on $328k initial cash invested.
-14.28%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$8,970
Rent
-$3,902
Cashflow
Cash Flow
$8,970 income − $12,872 expenses = $3,902 out of pocket
Investment Breakdown
|
Purchase Price
$1476k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$328k
Downpayment
20%
$295k
Closing costs
1%
$14,762
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,970
Total Expenses
$12,872
Mortgage P&I
89%
$7,956
Property Taxes
15%
$1,376
Home Insurance
5%
$490
HOA
0%
$0
Property Management
12%
$1,076
CapEx
4%
$359
Vacancy
3%
$269
Maintenance
4%
$359
Other
11%
$987