This property looks like a bad Mid-Term investment with a projected -16.66% first-year return on $281k initial cash invested.
-16.66%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$6,230
Rent
-$3,895
Cashflow
Cash Flow
$6,230 income − $10,125 expenses = $3,895 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$250k
Closing costs
1%
$12,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,230
Total Expenses
$10,125
Mortgage P&I
109%
$6,793
Property Taxes
12%
$776
Home Insurance
7%
$438
HOA
0%
$0
Property Management
12%
$748
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$685