This property looks like a bad Mid-Term investment with a projected -16.31% first-year return on $321k initial cash invested.
-16.31%
Cash On Cash
2.91%
Cap Rate
0.46
DSCR
$7,719
Rent
-$4,368
Cashflow
Cash Flow
$7,719 income − $12,087 expenses = $4,368 out of pocket
Investment Breakdown
|
Purchase Price
$1444k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$321k
Downpayment
20%
$289k
Closing costs
1%
$14,442
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,719
Total Expenses
$12,087
Mortgage P&I
98%
$7,563
Property Taxes
18%
$1,374
Home Insurance
7%
$525
HOA
0%
$0
Property Management
12%
$926
CapEx
4%
$309
Vacancy
3%
$232
Maintenance
4%
$309
Other
11%
$849