This property looks like a bad Mid-Term investment with a projected -18% first-year return on $278k initial cash invested.
-18%
Cash On Cash
2.56%
Cap Rate
0.4
DSCR
$5,956
Rent
-$4,174
Cashflow
Cash Flow
$5,956 income − $10,130 expenses = $4,174 out of pocket
Investment Breakdown
|
Purchase Price
$1239k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,390
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,956
Total Expenses
$10,130
Mortgage P&I
110%
$6,577
Property Taxes
18%
$1,094
Home Insurance
7%
$434
HOA
0%
$0
Property Management
12%
$715
CapEx
4%
$238
Vacancy
3%
$179
Maintenance
4%
$238
Other
11%
$655