This property looks like a bad Mid-Term investment with a projected -16.14% first-year return on $283k initial cash invested.
-16.14%
Cash On Cash
3.06%
Cap Rate
0.48
DSCR
$7,318
Rent
-$3,805
Cashflow
Cash Flow
$7,318 income − $11,123 expenses = $3,805 out of pocket
Investment Breakdown
|
Purchase Price
$1262k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$283k
Downpayment
20%
$252k
Closing costs
1%
$12,615
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,318
Total Expenses
$11,123
Mortgage P&I
92%
$6,727
Property Taxes
17%
$1,259
Home Insurance
6%
$448
HOA
3%
$200
Property Management
12%
$878
CapEx
4%
$293
Vacancy
3%
$220
Maintenance
4%
$293
Other
11%
$805