This property looks like a bad Mid-Term investment with a projected -12.83% first-year return on $304k initial cash invested.
-12.83%
Cash On Cash
4.02%
Cap Rate
0.61
DSCR
$9,176
Rent
-$3,250
Cashflow
Cash Flow
$9,176 income − $12,426 expenses = $3,250 out of pocket
Investment Breakdown
|
Purchase Price
$1362k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$304k
Downpayment
20%
$272k
Closing costs
1%
$13,623
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,176
Total Expenses
$12,426
Mortgage P&I
81%
$7,452
Property Taxes
15%
$1,365
Home Insurance
5%
$490
HOA
0%
$0
Property Management
12%
$1,101
CapEx
4%
$367
Vacancy
3%
$275
Maintenance
4%
$367
Other
11%
$1,009