This property looks like a bad Mid-Term investment with a projected -13.23% first-year return on $308k initial cash invested.
-13.23%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$8,844
Rent
-$3,396
Cashflow
Cash Flow
$8,844 income − $12,240 expenses = $3,396 out of pocket
Investment Breakdown
|
Purchase Price
$1381k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$308k
Downpayment
20%
$276k
Closing costs
1%
$13,809
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,844
Total Expenses
$12,240
Mortgage P&I
85%
$7,560
Property Taxes
14%
$1,220
Home Insurance
5%
$453
HOA
0%
$0
Property Management
12%
$1,061
CapEx
4%
$354
Vacancy
3%
$265
Maintenance
4%
$354
Other
11%
$973