This property looks like a bad Mid-Term investment with a projected -14.54% first-year return on $303k initial cash invested.
-14.54%
Cash On Cash
3.44%
Cap Rate
0.54
DSCR
$7,330
Rent
-$3,673
Cashflow
Cash Flow
$7,330 income − $11,003 expenses = $3,673 out of pocket
Investment Breakdown
|
Purchase Price
$1357k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$303k
Downpayment
20%
$271k
Closing costs
1%
$13,573
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,330
Total Expenses
$11,003
Mortgage P&I
99%
$7,272
Property Taxes
10%
$749
Home Insurance
7%
$490
HOA
0%
$0
Property Management
12%
$880
CapEx
4%
$293
Vacancy
3%
$220
Maintenance
4%
$293
Other
11%
$806