This property looks like a bad Mid-Term investment with a projected -13.24% first-year return on $291k initial cash invested.
-13.24%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$8,496
Rent
-$3,216
Cashflow
Cash Flow
$8,496 income − $11,712 expenses = $3,216 out of pocket
Investment Breakdown
|
Purchase Price
$1302k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$13,021
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,496
Total Expenses
$11,712
Mortgage P&I
83%
$7,090
Property Taxes
15%
$1,277
Home Insurance
5%
$455
HOA
0%
$0
Property Management
12%
$1,020
CapEx
4%
$340
Vacancy
3%
$255
Maintenance
4%
$340
Other
11%
$935