This property looks like a bad Mid-Term investment with a projected -19.51% first-year return on $279k initial cash invested.
-19.51%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$5,984
Rent
-$4,544
Cashflow
Cash Flow
$5,984 income − $10,528 expenses = $4,544 out of pocket
Investment Breakdown
|
Purchase Price
$1245k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$279k
Downpayment
20%
$249k
Closing costs
1%
$12,450
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,984
Total Expenses
$10,528
Mortgage P&I
114%
$6,834
Property Taxes
20%
$1,224
Home Insurance
7%
$436
HOA
0%
$0
Property Management
12%
$718
CapEx
4%
$239
Vacancy
3%
$180
Maintenance
4%
$239
Other
11%
$658