This property looks like a bad Mid-Term investment with a projected -16.35% first-year return on $278k initial cash invested.
-16.35%
Cash On Cash
3.43%
Cap Rate
0.5
DSCR
$6,994
Rent
-$3,783
Cashflow
Cash Flow
$6,994 income − $10,777 expenses = $3,783 out of pocket
Investment Breakdown
|
Purchase Price
$1236k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$247k
Closing costs
1%
$12,364
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,994
Total Expenses
$10,777
Mortgage P&I
101%
$7,034
Property Taxes
13%
$928
Home Insurance
6%
$437
HOA
0%
$0
Property Management
12%
$839
CapEx
4%
$280
Vacancy
3%
$210
Maintenance
4%
$280
Other
11%
$769