This property looks like a bad Mid-Term investment with a projected -15.26% first-year return on $312k initial cash invested.
-15.26%
Cash On Cash
3.29%
Cap Rate
0.51
DSCR
$8,086
Rent
-$3,970
Cashflow
Cash Flow
$8,086 income − $12,056 expenses = $3,970 out of pocket
Investment Breakdown
|
Purchase Price
$1401k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$14,013
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,086
Total Expenses
$12,056
Mortgage P&I
93%
$7,489
Property Taxes
16%
$1,303
Home Insurance
6%
$516
HOA
0%
$0
Property Management
12%
$970
CapEx
4%
$323
Vacancy
3%
$243
Maintenance
4%
$323
Other
11%
$889