This property looks like a bad Mid-Term investment with a projected -11.46% first-year return on $301k initial cash invested.
-11.46%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$9,494
Rent
-$2,877
Cashflow
Cash Flow
$9,494 income − $12,371 expenses = $2,877 out of pocket
Investment Breakdown
|
Purchase Price
$1349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$301k
Downpayment
20%
$270k
Closing costs
1%
$13,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,494
Total Expenses
$12,371
Mortgage P&I
77%
$7,345
Property Taxes
14%
$1,326
Home Insurance
5%
$472
HOA
0%
$0
Property Management
12%
$1,139
CapEx
4%
$380
Vacancy
3%
$285
Maintenance
4%
$380
Other
11%
$1,044