This property looks like a bad Mid-Term investment with a projected -13.66% first-year return on $317k initial cash invested.
-13.66%
Cash On Cash
4.09%
Cap Rate
0.6
DSCR
$9,038
Rent
-$3,605
Cashflow
Cash Flow
$9,038 income − $12,643 expenses = $3,605 out of pocket
Investment Breakdown
|
Purchase Price
$1422k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$317k
Downpayment
20%
$284k
Closing costs
1%
$14,218
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,038
Total Expenses
$12,643
Mortgage P&I
90%
$8,089
Property Taxes
11%
$964
Home Insurance
6%
$516
HOA
0%
$0
Property Management
12%
$1,085
CapEx
4%
$362
Vacancy
3%
$271
Maintenance
4%
$362
Other
11%
$994