This property looks like a bad Mid-Term investment with a projected -10.93% first-year return on $315k initial cash invested.
-10.93%
Cash On Cash
3.97%
Cap Rate
0.66
DSCR
$10,446
Rent
-$2,864
Cashflow
Cash Flow
$10,446 income − $13,310 expenses = $2,864 out of pocket
Investment Breakdown
|
Purchase Price
$1412k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$315k
Downpayment
20%
$282k
Closing costs
1%
$14,121
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,446
Total Expenses
$13,310
Mortgage P&I
68%
$7,119
Property Taxes
21%
$2,151
Home Insurance
5%
$488
HOA
0%
$0
Property Management
12%
$1,254
CapEx
4%
$418
Vacancy
3%
$313
Maintenance
4%
$418
Other
11%
$1,149