This property looks like a bad Mid-Term investment with a projected -16.51% first-year return on $327k initial cash invested.
-16.51%
Cash On Cash
3.06%
Cap Rate
0.47
DSCR
$6,914
Rent
-$4,496
Cashflow
Cash Flow
$6,914 income − $11,410 expenses = $4,496 out of pocket
Investment Breakdown
|
Purchase Price
$1471k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$327k
Downpayment
20%
$294k
Closing costs
1%
$14,705
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,914
Total Expenses
$11,410
Mortgage P&I
115%
$7,963
Property Taxes
8%
$553
Home Insurance
8%
$542
HOA
0%
$0
Property Management
12%
$830
CapEx
4%
$277
Vacancy
3%
$207
Maintenance
4%
$277
Other
11%
$761