This property looks like a bad Mid-Term investment with a projected -15.43% first-year return on $317k initial cash invested.
-15.43%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$9,488
Rent
-$4,074
Cashflow
Cash Flow
$9,488 income − $13,562 expenses = $4,074 out of pocket
Investment Breakdown
|
Purchase Price
$1423k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$317k
Downpayment
20%
$285k
Closing costs
1%
$14,234
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,488
Total Expenses
$13,562
Mortgage P&I
82%
$7,801
Property Taxes
23%
$2,153
Home Insurance
4%
$380
HOA
0%
$0
Property Management
12%
$1,139
CapEx
4%
$380
Vacancy
3%
$285
Maintenance
4%
$380
Other
11%
$1,044