This property looks like a bad Mid-Term investment with a projected -18.34% first-year return on $279k initial cash invested.
-18.34%
Cash On Cash
2.54%
Cap Rate
0.4
DSCR
$6,216
Rent
-$4,262
Cashflow
Cash Flow
$6,216 income − $10,478 expenses = $4,262 out of pocket
Investment Breakdown
|
Purchase Price
$1242k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$279k
Downpayment
20%
$248k
Closing costs
1%
$12,421
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,216
Total Expenses
$10,478
Mortgage P&I
107%
$6,638
Property Taxes
20%
$1,236
Home Insurance
8%
$490
HOA
0%
$0
Property Management
12%
$746
CapEx
4%
$249
Vacancy
3%
$186
Maintenance
4%
$249
Other
11%
$684