This property looks like a bad Mid-Term investment with a projected -11.65% first-year return on $275k initial cash invested.
-11.65%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$8,626
Rent
-$2,673
Cashflow
Cash Flow
$8,626 income − $11,299 expenses = $2,673 out of pocket
Investment Breakdown
|
Purchase Price
$1225k
Downpayment
20.0%
Interest Rate
7.3%
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
$8,626
Total Expenses
$11,299
Mortgage P&I
78%
$6,709
Property Taxes
8%
$650
Home Insurance
5%
$429
HOA
7%
$578
Property Management
12%
$1,035
CapEx
4%
$345
Vacancy
3%
$259
Maintenance
4%
$345
Other
11%
$949