This property looks like a bad Mid-Term investment with a projected -11.83% first-year return on $323k initial cash invested.
-11.83%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$9,860
Rent
-$3,179
Cashflow
Cash Flow
$9,860 income − $13,039 expenses = $3,179 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$323k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,860
Total Expenses
$13,039
Mortgage P&I
79%
$7,814
Property Taxes
14%
$1,365
Home Insurance
5%
$508
HOA
0%
$0
Property Management
12%
$1,183
CapEx
4%
$394
Vacancy
3%
$296
Maintenance
4%
$394
Other
11%
$1,085