This property looks like a bad Mid-Term investment with a projected -16.16% first-year return on $319k initial cash invested.
-16.16%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$7,586
Rent
-$4,296
Cashflow
Cash Flow
$7,586 income − $11,882 expenses = $4,296 out of pocket
Investment Breakdown
|
Purchase Price
$1434k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$319k
Downpayment
20%
$287k
Closing costs
1%
$14,335
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,586
Total Expenses
$11,882
Mortgage P&I
103%
$7,839
Property Taxes
12%
$918
Home Insurance
7%
$516
HOA
0%
$31
Property Management
12%
$910
CapEx
4%
$303
Vacancy
3%
$228
Maintenance
4%
$303
Other
11%
$834