This property looks like a bad Mid-Term investment with a projected -13.35% first-year return on $296k initial cash invested.
-13.35%
Cash On Cash
3.92%
Cap Rate
0.59
DSCR
$8,630
Rent
-$3,295
Cashflow
Cash Flow
$8,630 income − $11,925 expenses = $3,295 out of pocket
Investment Breakdown
|
Purchase Price
$1325k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$296k
Downpayment
20%
$265k
Closing costs
1%
$13,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,630
Total Expenses
$11,925
Mortgage P&I
84%
$7,279
Property Taxes
14%
$1,248
Home Insurance
5%
$464
HOA
0%
$0
Property Management
12%
$1,036
CapEx
4%
$345
Vacancy
3%
$259
Maintenance
4%
$345
Other
11%
$949