This property looks like a bad Mid-Term investment with a projected -11.99% first-year return on $303k initial cash invested.
-11.99%
Cash On Cash
3.62%
Cap Rate
0.61
DSCR
$9,070
Rent
-$3,026
Cashflow
Cash Flow
$9,070 income − $12,096 expenses = $3,026 out of pocket
Investment Breakdown
|
Purchase Price
$1356k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$303k
Downpayment
20%
$271k
Closing costs
1%
$13,562
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,070
Total Expenses
$12,096
Mortgage P&I
74%
$6,754
Property Taxes
19%
$1,762
Home Insurance
5%
$490
HOA
0%
$6
Property Management
12%
$1,088
CapEx
4%
$363
Vacancy
3%
$272
Maintenance
4%
$363
Other
11%
$998