This property looks like a bad Mid-Term investment with a projected -19.98% first-year return on $281k initial cash invested.
-19.98%
Cash On Cash
2.34%
Cap Rate
0.36
DSCR
$6,884
Rent
-$4,670
Cashflow
Cash Flow
$6,884 income − $11,554 expenses = $4,670 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$250k
Closing costs
1%
$12,501
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,884
Total Expenses
$11,554
Mortgage P&I
99%
$6,831
Property Taxes
28%
$1,942
Home Insurance
6%
$441
HOA
0%
$0
Property Management
12%
$826
CapEx
4%
$275
Vacancy
3%
$207
Maintenance
4%
$275
Other
11%
$757