This property looks like a bad Mid-Term investment with a projected -11.08% first-year return on $323k initial cash invested.
-11.08%
Cash On Cash
3.76%
Cap Rate
0.63
DSCR
$7,890
Rent
-$2,978
Cashflow
Cash Flow
$7,890 income − $10,868 expenses = $2,978 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$323k
Downpayment
20%
$290k
Closing costs
1%
$14,502
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,890
Total Expenses
$10,868
Mortgage P&I
91%
$7,211
Property Taxes
6%
$448
Home Insurance
7%
$525
HOA
0%
$0
Property Management
12%
$947
CapEx
4%
$316
Vacancy
3%
$237
Maintenance
4%
$316
Other
11%
$868