This property looks like a bad Mid-Term investment with a projected -14.15% first-year return on $294k initial cash invested.
-14.15%
Cash On Cash
3.55%
Cap Rate
0.55
DSCR
$8,324
Rent
-$3,469
Cashflow
Cash Flow
$8,324 income − $11,793 expenses = $3,469 out of pocket
Investment Breakdown
|
Purchase Price
$1315k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$263k
Closing costs
1%
$13,147
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,324
Total Expenses
$11,793
Mortgage P&I
84%
$7,028
Property Taxes
17%
$1,426
Home Insurance
6%
$508
HOA
0%
$0
Property Management
12%
$999
CapEx
4%
$333
Vacancy
3%
$250
Maintenance
4%
$333
Other
11%
$916