This property looks like a bad Mid-Term investment with a projected -12.43% first-year return on $295k initial cash invested.
-12.43%
Cash On Cash
3.42%
Cap Rate
0.57
DSCR
$6,646
Rent
-$3,058
Cashflow
Cash Flow
$6,646 income − $9,704 expenses = $3,058 out of pocket
Investment Breakdown
|
Purchase Price
$1320k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$264k
Closing costs
1%
$13,197
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,646
Total Expenses
$9,704
Mortgage P&I
99%
$6,558
Property Taxes
3%
$194
Home Insurance
9%
$577
HOA
2%
$115
Property Management
12%
$798
CapEx
4%
$266
Vacancy
3%
$199
Maintenance
4%
$266
Other
11%
$731