This property looks like a bad Mid-Term investment with a projected -8.27% first-year return on $320k initial cash invested.
-8.27%
Cash On Cash
4.63%
Cap Rate
0.75
DSCR
$9,042
Rent
-$2,204
Cashflow
Cash Flow
$9,042 income − $11,246 expenses = $2,204 out of pocket
Investment Breakdown
|
Purchase Price
$1437k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$320k
Downpayment
20%
$287k
Closing costs
1%
$14,370
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,042
Total Expenses
$11,246
Mortgage P&I
82%
$7,387
Property Taxes
3%
$281
Home Insurance
6%
$503
HOA
0%
$0
Property Management
12%
$1,085
CapEx
4%
$362
Vacancy
3%
$271
Maintenance
4%
$362
Other
11%
$995