This property looks like a bad Mid-Term investment with a projected -7.85% first-year return on $311k initial cash invested.
-7.85%
Cash On Cash
5.04%
Cap Rate
0.78
DSCR
$9,532
Rent
-$2,035
Cashflow
Cash Flow
$9,532 income − $11,567 expenses = $2,035 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,532
Total Expenses
$11,567
Mortgage P&I
79%
$7,510
Property Taxes
3%
$328
Home Insurance
5%
$488
HOA
0%
$0
Property Management
12%
$1,144
CapEx
4%
$381
Vacancy
3%
$286
Maintenance
4%
$381
Other
11%
$1,049