This property looks like a bad Mid-Term investment with a projected -15.36% first-year return on $315k initial cash invested.
-15.36%
Cash On Cash
3.33%
Cap Rate
0.52
DSCR
$8,506
Rent
-$4,035
Cashflow
Cash Flow
$8,506 income − $12,541 expenses = $4,035 out of pocket
Investment Breakdown
|
Purchase Price
$1415k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$315k
Downpayment
20%
$283k
Closing costs
1%
$14,153
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,506
Total Expenses
$12,541
Mortgage P&I
90%
$7,627
Property Taxes
16%
$1,341
Home Insurance
6%
$481
HOA
2%
$200
Property Management
12%
$1,021
CapEx
4%
$340
Vacancy
3%
$255
Maintenance
4%
$340
Other
11%
$936