This property looks like a bad Mid-Term investment with a projected -18.08% first-year return on $278k initial cash invested.
-18.08%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$5,368
Rent
-$4,193
Cashflow
Cash Flow
$5,368 income − $9,561 expenses = $4,193 out of pocket
Investment Breakdown
|
Purchase Price
$1240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,397
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,368
Total Expenses
$9,561
Mortgage P&I
125%
$6,713
Property Taxes
11%
$570
Home Insurance
8%
$453
HOA
0%
$0
Property Management
12%
$644
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$590