This property looks like a bad Mid-Term investment with a projected -16.02% first-year return on $299k initial cash invested.
-16.02%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$7,869
Rent
-$3,994
Cashflow
Cash Flow
$7,869 income − $11,863 expenses = $3,994 out of pocket
Investment Breakdown
|
Purchase Price
$1339k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$299k
Downpayment
20%
$268k
Closing costs
1%
$13,393
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,869
Total Expenses
$11,863
Mortgage P&I
92%
$7,234
Property Taxes
15%
$1,201
Home Insurance
6%
$476
HOA
4%
$276
Property Management
12%
$944
CapEx
4%
$315
Vacancy
3%
$236
Maintenance
4%
$315
Other
11%
$866