This property looks like a bad Mid-Term investment with a projected -12.65% first-year return on $306k initial cash invested.
-12.65%
Cash On Cash
4.12%
Cap Rate
0.62
DSCR
$8,448
Rent
-$3,229
Cashflow
Cash Flow
$8,448 income − $11,677 expenses = $3,229 out of pocket
Investment Breakdown
|
Purchase Price
$1373k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$306k
Downpayment
20%
$275k
Closing costs
1%
$13,728
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,448
Total Expenses
$11,677
Mortgage P&I
90%
$7,602
Property Taxes
8%
$713
Home Insurance
6%
$490
HOA
0%
$0
Property Management
12%
$1,014
CapEx
4%
$338
Vacancy
3%
$253
Maintenance
4%
$338
Other
11%
$929