This property looks like a bad Mid-Term investment with a projected -6.43% first-year return on $288k initial cash invested.
-6.43%
Cash On Cash
5.19%
Cap Rate
0.82
DSCR
$8,884
Rent
-$1,546
Cashflow
Cash Flow
$8,884 income − $10,430 expenses = $1,546 out of pocket
Investment Breakdown
|
Purchase Price
$1288k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$288k
Downpayment
20%
$258k
Closing costs
1%
$12,880
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,884
Total Expenses
$10,430
Mortgage P&I
76%
$6,763
Property Taxes
2%
$196
Home Insurance
5%
$451
HOA
0%
$0
Property Management
12%
$1,066
CapEx
4%
$355
Vacancy
3%
$267
Maintenance
4%
$355
Other
11%
$977