This property looks like a bad Mid-Term investment with a projected -12.99% first-year return on $273k initial cash invested.
-12.99%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$8,214
Rent
-$2,958
Cashflow
Cash Flow
$8,214 income − $11,172 expenses = $2,958 out of pocket
Investment Breakdown
|
Purchase Price
$1215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$243k
Closing costs
1%
$12,154
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,214
Total Expenses
$11,172
Mortgage P&I
82%
$6,723
Property Taxes
15%
$1,218
Home Insurance
5%
$437
HOA
0%
$0
Property Management
12%
$986
CapEx
4%
$329
Vacancy
3%
$246
Maintenance
4%
$329
Other
11%
$904