This property looks like a bad Mid-Term investment with a projected -26.32% first-year return on $275k initial cash invested.
-26.32%
Cash On Cash
0.18%
Cap Rate
0.03
DSCR
$3,750
Rent
-$6,038
Cashflow
Cash Flow
$3,750 income − $9,788 expenses = $6,038 out of pocket
Investment Breakdown
|
Purchase Price
$1225k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$275k
Downpayment
20%
$245k
Closing costs
1%
$12,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,750
Total Expenses
$9,788
Mortgage P&I
162%
$6,074
Property Taxes
37%
$1,403
Home Insurance
11%
$429
HOA
16%
$608
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412