This property looks like a bad Mid-Term investment with a projected -27.66% first-year return on $282k initial cash invested.
-27.66%
Cash On Cash
0.85%
Cap Rate
0.12
DSCR
$3,806
Rent
-$6,490
Cashflow
Cash Flow
$3,806 income − $10,296 expenses = $6,490 out of pocket
Investment Breakdown
|
Purchase Price
$1255k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$282k
Downpayment
20%
$251k
Closing costs
1%
$12,550
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,806
Total Expenses
$10,296
Mortgage P&I
190%
$7,230
Property Taxes
33%
$1,257
Home Insurance
12%
$455
HOA
2%
$60
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419