This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $342k initial cash invested.
-11.53%
Cash On Cash
4.46%
Cap Rate
0.67
DSCR
$11,124
Rent
-$3,288
Cashflow
Cash Flow
$11,124 income − $14,412 expenses = $3,288 out of pocket
Investment Breakdown
|
Purchase Price
$1544k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$342k
Downpayment
20%
$309k
Closing costs
1%
$15,444
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,124
Total Expenses
$14,412
Mortgage P&I
77%
$8,587
Property Taxes
11%
$1,197
Home Insurance
5%
$595
HOA
2%
$250
Property Management
12%
$1,335
CapEx
4%
$445
Vacancy
3%
$334
Maintenance
4%
$445
Other
11%
$1,224