This property looks like a bad Mid-Term investment with a projected -16.1% first-year return on $314k initial cash invested.
-16.1%
Cash On Cash
3.12%
Cap Rate
0.48
DSCR
$7,890
Rent
-$4,207
Cashflow
Cash Flow
$7,890 income − $12,097 expenses = $4,207 out of pocket
Investment Breakdown
|
Purchase Price
$1407k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$314k
Downpayment
20%
$281k
Closing costs
1%
$14,072
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,890
Total Expenses
$12,097
Mortgage P&I
96%
$7,546
Property Taxes
17%
$1,377
Home Insurance
6%
$490
HOA
0%
$0
Property Management
12%
$947
CapEx
4%
$316
Vacancy
3%
$237
Maintenance
4%
$316
Other
11%
$868