This property looks like a bad Mid-Term investment with a projected -15.33% first-year return on $312k initial cash invested.
-15.33%
Cash On Cash
3.36%
Cap Rate
0.52
DSCR
$8,074
Rent
-$3,985
Cashflow
Cash Flow
$8,074 income − $12,059 expenses = $3,985 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,074
Total Expenses
$12,059
Mortgage P&I
94%
$7,587
Property Taxes
15%
$1,237
Home Insurance
6%
$490
HOA
0%
$0
Property Management
12%
$969
CapEx
4%
$323
Vacancy
3%
$242
Maintenance
4%
$323
Other
11%
$888