This property looks like a bad Mid-Term investment with a projected -11.02% first-year return on $296k initial cash invested.
-11.02%
Cash On Cash
4.4%
Cap Rate
0.67
DSCR
$8,130
Rent
-$2,720
Cashflow
Cash Flow
$8,130 income − $10,850 expenses = $2,720 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
$8,130
Total Expenses
$10,850
Mortgage P&I
89%
$7,248
Property Taxes
5%
$374
Home Insurance
6%
$464
HOA
0%
$0
Property Management
12%
$976
CapEx
4%
$325
Vacancy
3%
$244
Maintenance
4%
$325
Other
11%
$894