This property looks like a bad Mid-Term investment with a projected -17.99% first-year return on $282k initial cash invested.
-17.99%
Cash On Cash
2.67%
Cap Rate
0.41
DSCR
$6,408
Rent
-$4,226
Cashflow
Cash Flow
$6,408 income − $10,634 expenses = $4,226 out of pocket
Investment Breakdown
|
Purchase Price
$1256k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$282k
Downpayment
20%
$251k
Closing costs
1%
$12,564
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,408
Total Expenses
$10,634
Mortgage P&I
106%
$6,764
Property Taxes
19%
$1,248
Home Insurance
7%
$444
HOA
0%
$0
Property Management
12%
$769
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$705