This property looks like a bad Mid-Term investment with a projected -11.26% first-year return on $307k initial cash invested.
-11.26%
Cash On Cash
4.62%
Cap Rate
0.68
DSCR
$9,624
Rent
-$2,876
Cashflow
Cash Flow
$9,624 income − $12,500 expenses = $2,876 out of pocket
Investment Breakdown
|
Purchase Price
$1374k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$307k
Downpayment
20%
$275k
Closing costs
1%
$13,740
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,624
Total Expenses
$12,500
Mortgage P&I
81%
$7,779
Property Taxes
5%
$501
Home Insurance
5%
$497
HOA
5%
$450
Property Management
12%
$1,155
CapEx
4%
$385
Vacancy
3%
$289
Maintenance
4%
$385
Other
11%
$1,059