This property looks like a bad Mid-Term investment with a projected -11.14% first-year return on $281k initial cash invested.
-11.14%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$9,140
Rent
-$2,611
Cashflow
Cash Flow
$9,140 income − $11,751 expenses = $2,611 out of pocket
Investment Breakdown
|
Purchase Price
$1254k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$251k
Closing costs
1%
$12,538
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,140
Total Expenses
$11,751
Mortgage P&I
76%
$6,916
Property Taxes
15%
$1,351
Home Insurance
4%
$376
HOA
0%
$0
Property Management
12%
$1,097
CapEx
4%
$366
Vacancy
3%
$274
Maintenance
4%
$366
Other
11%
$1,005