This property looks like a bad Mid-Term investment with a projected -14.3% first-year return on $299k initial cash invested.
-14.3%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$8,308
Rent
-$3,560
Cashflow
Cash Flow
$8,308 income − $11,868 expenses = $3,560 out of pocket
Investment Breakdown
|
Purchase Price
$1337k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$299k
Downpayment
20%
$267k
Closing costs
1%
$13,367
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,308
Total Expenses
$11,868
Mortgage P&I
87%
$7,264
Property Taxes
16%
$1,292
Home Insurance
6%
$488
HOA
0%
$0
Property Management
12%
$997
CapEx
4%
$332
Vacancy
3%
$249
Maintenance
4%
$332
Other
11%
$914