This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $295k initial cash invested.
-11.25%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$9,688
Rent
-$2,767
Cashflow
Cash Flow
$9,688 income − $12,455 expenses = $2,767 out of pocket
Investment Breakdown
|
Purchase Price
$1319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$264k
Closing costs
1%
$13,194
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,688
Total Expenses
$12,455
Mortgage P&I
74%
$7,201
Property Taxes
15%
$1,470
Home Insurance
5%
$488
HOA
0%
$0
Property Management
12%
$1,163
CapEx
4%
$388
Vacancy
3%
$291
Maintenance
4%
$388
Other
11%
$1,066