This property looks like a bad Mid-Term investment with a projected -18.11% first-year return on $281k initial cash invested.
-18.11%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$5,097
Rent
-$4,245
Cashflow
Cash Flow
$5,097 income − $9,342 expenses = $4,245 out of pocket
Investment Breakdown
|
Purchase Price
$1254k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$251k
Closing costs
1%
$12,536
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,097
Total Expenses
$9,342
Mortgage P&I
127%
$6,477
Property Taxes
13%
$676
Home Insurance
9%
$455
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561