This property looks like a bad Mid-Term investment with a projected -13.3% first-year return on $307k initial cash invested.
-13.3%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$8,918
Rent
-$3,400
Cashflow
Cash Flow
$8,918 income − $12,318 expenses = $3,400 out of pocket
Investment Breakdown
|
Purchase Price
$1375k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$307k
Downpayment
20%
$275k
Closing costs
1%
$13,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,918
Total Expenses
$12,318
Mortgage P&I
84%
$7,452
Property Taxes
15%
$1,352
Home Insurance
5%
$481
HOA
0%
$0
Property Management
12%
$1,070
CapEx
4%
$357
Vacancy
3%
$268
Maintenance
4%
$357
Other
11%
$981