This property looks like a bad Mid-Term investment with a projected -14.43% first-year return on $278k initial cash invested.
-14.43%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$7,634
Rent
-$3,342
Cashflow
Cash Flow
$7,634 income − $10,976 expenses = $3,342 out of pocket
Investment Breakdown
|
Purchase Price
$1238k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,381
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,634
Total Expenses
$10,976
Mortgage P&I
89%
$6,772
Property Taxes
15%
$1,116
Home Insurance
6%
$446
HOA
1%
$47
Property Management
12%
$916
CapEx
4%
$305
Vacancy
3%
$229
Maintenance
4%
$305
Other
11%
$840