This property looks like a bad Mid-Term investment with a projected -7.64% first-year return on $322k initial cash invested.
-7.64%
Cash On Cash
5.14%
Cap Rate
0.8
DSCR
$11,994
Rent
-$2,051
Cashflow
Cash Flow
$11,994 income − $14,045 expenses = $2,051 out of pocket
Investment Breakdown
|
Purchase Price
$1449k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$322k
Downpayment
20%
$290k
Closing costs
1%
$14,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,994
Total Expenses
$14,045
Mortgage P&I
65%
$7,773
Property Taxes
5%
$579
Home Insurance
4%
$507
HOA
9%
$1,108
Property Management
12%
$1,439
CapEx
4%
$480
Vacancy
3%
$360
Maintenance
4%
$480
Other
11%
$1,319