This property looks like a bad Mid-Term investment with a projected -12.48% first-year return on $312k initial cash invested.
-12.48%
Cash On Cash
4.12%
Cap Rate
0.62
DSCR
$8,734
Rent
-$3,242
Cashflow
Cash Flow
$8,734 income − $11,976 expenses = $3,242 out of pocket
Investment Breakdown
|
Purchase Price
$1399k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$13,986
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,734
Total Expenses
$11,976
Mortgage P&I
88%
$7,690
Property Taxes
9%
$827
Home Insurance
6%
$490
HOA
0%
$0
Property Management
12%
$1,048
CapEx
4%
$349
Vacancy
3%
$262
Maintenance
4%
$349
Other
11%
$961