This property looks like a bad Mid-Term investment with a projected -16.98% first-year return on $327k initial cash invested.
-16.98%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$8,582
Rent
-$4,627
Cashflow
Cash Flow
$8,582 income − $13,209 expenses = $4,627 out of pocket
Investment Breakdown
|
Purchase Price
$1472k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$327k
Downpayment
20%
$294k
Closing costs
1%
$14,716
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,582
Total Expenses
$13,209
Mortgage P&I
94%
$8,046
Property Taxes
19%
$1,653
Home Insurance
7%
$593
HOA
0%
$0
Property Management
12%
$1,030
CapEx
4%
$343
Vacancy
3%
$257
Maintenance
4%
$343
Other
11%
$944