This property looks like a bad Mid-Term investment with a projected -14.14% first-year return on $329k initial cash invested.
-14.14%
Cash On Cash
3.28%
Cap Rate
0.53
DSCR
$8,637
Rent
-$3,883
Cashflow
Cash Flow
$8,637 income − $12,520 expenses = $3,883 out of pocket
Investment Breakdown
|
Purchase Price
$1483k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$329k
Downpayment
20%
$297k
Closing costs
1%
$14,833
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,637
Total Expenses
$12,520
Mortgage P&I
88%
$7,598
Property Taxes
17%
$1,462
Home Insurance
6%
$525
HOA
0%
$0
Property Management
12%
$1,036
CapEx
4%
$345
Vacancy
3%
$259
Maintenance
4%
$345
Other
11%
$950