This property looks like a bad Mid-Term investment with a projected -18.81% first-year return on $276k initial cash invested.
-18.81%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$6,795
Rent
-$4,324
Cashflow
Cash Flow
$6,795 income − $11,119 expenses = $4,324 out of pocket
Investment Breakdown
|
Purchase Price
$1228k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$246k
Closing costs
1%
$12,279
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,795
Total Expenses
$11,119
Mortgage P&I
101%
$6,830
Property Taxes
13%
$852
Home Insurance
7%
$455
HOA
10%
$672
Property Management
12%
$815
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$747