This property looks like a bad Mid-Term investment with a projected -15.43% first-year return on $271k initial cash invested.
-15.43%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$6,441
Rent
-$3,489
Cashflow
Cash Flow
$6,441 income − $9,930 expenses = $3,489 out of pocket
Investment Breakdown
|
Purchase Price
$1207k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$271k
Downpayment
20%
$241k
Closing costs
1%
$12,067
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,441
Total Expenses
$9,930
Mortgage P&I
104%
$6,670
Property Taxes
7%
$482
Home Insurance
7%
$438
HOA
2%
$149
Property Management
12%
$773
CapEx
4%
$258
Vacancy
3%
$193
Maintenance
4%
$258
Other
11%
$709