This property looks like a bad Mid-Term investment with a projected -14.03% first-year return on $316k initial cash invested.
-14.03%
Cash On Cash
3.23%
Cap Rate
0.53
DSCR
$8,566
Rent
-$3,690
Cashflow
Cash Flow
$8,566 income − $12,256 expenses = $3,690 out of pocket
Investment Breakdown
|
Purchase Price
$1417k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$316k
Downpayment
20%
$283k
Closing costs
1%
$14,174
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,566
Total Expenses
$12,256
Mortgage P&I
84%
$7,167
Property Taxes
12%
$1,040
Home Insurance
6%
$508
HOA
7%
$628
Property Management
12%
$1,028
CapEx
4%
$343
Vacancy
3%
$257
Maintenance
4%
$343
Other
11%
$942