This property looks like a bad Mid-Term investment with a projected -14.9% first-year return on $308k initial cash invested.
-14.9%
Cash On Cash
3.47%
Cap Rate
0.53
DSCR
$7,722
Rent
-$3,819
Cashflow
Cash Flow
$7,722 income − $11,541 expenses = $3,819 out of pocket
Investment Breakdown
|
Purchase Price
$1379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$308k
Downpayment
20%
$276k
Closing costs
1%
$13,790
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,722
Total Expenses
$11,541
Mortgage P&I
97%
$7,492
Property Taxes
12%
$940
Home Insurance
6%
$483
HOA
0%
$0
Property Management
12%
$927
CapEx
4%
$309
Vacancy
3%
$232
Maintenance
4%
$309
Other
11%
$849