This property looks like a bad Mid-Term investment with a projected -13.68% first-year return on $311k initial cash invested.
-13.68%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$8,930
Rent
-$3,544
Cashflow
Cash Flow
$8,930 income − $12,474 expenses = $3,544 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,930
Total Expenses
$12,474
Mortgage P&I
85%
$7,578
Property Taxes
15%
$1,372
Home Insurance
5%
$488
HOA
0%
$0
Property Management
12%
$1,072
CapEx
4%
$357
Vacancy
3%
$268
Maintenance
4%
$357
Other
11%
$982