This property looks like a bad Mid-Term investment with a projected -15.42% first-year return on $296k initial cash invested.
-15.42%
Cash On Cash
3.29%
Cap Rate
0.51
DSCR
$7,695
Rent
-$3,803
Cashflow
Cash Flow
$7,695 income − $11,498 expenses = $3,803 out of pocket
Investment Breakdown
|
Purchase Price
$1324k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$296k
Downpayment
20%
$265k
Closing costs
1%
$13,240
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,695
Total Expenses
$11,498
Mortgage P&I
93%
$7,128
Property Taxes
17%
$1,291
Home Insurance
6%
$463
HOA
0%
$0
Property Management
12%
$923
CapEx
4%
$308
Vacancy
3%
$231
Maintenance
4%
$308
Other
11%
$846