This property looks like a bad Mid-Term investment with a projected -11.54% first-year return on $331k initial cash invested.
-11.54%
Cash On Cash
4.1%
Cap Rate
0.65
DSCR
$10,053
Rent
-$3,181
Cashflow
Cash Flow
$10,053 income − $13,234 expenses = $3,181 out of pocket
Investment Breakdown
|
Purchase Price
$1489k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$298k
Closing costs
1%
$14,890
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,053
Total Expenses
$13,234
Mortgage P&I
78%
$7,868
Property Taxes
14%
$1,427
Home Insurance
5%
$521
HOA
0%
$0
Property Management
12%
$1,206
CapEx
4%
$402
Vacancy
3%
$302
Maintenance
4%
$402
Other
11%
$1,106