This property looks like a bad Mid-Term investment with a projected -16.16% first-year return on $284k initial cash invested.
-16.16%
Cash On Cash
2.91%
Cap Rate
0.46
DSCR
$6,606
Rent
-$3,820
Cashflow
Cash Flow
$6,606 income − $10,426 expenses = $3,820 out of pocket
Investment Breakdown
|
Purchase Price
$1265k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$253k
Closing costs
1%
$12,650
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,606
Total Expenses
$10,426
Mortgage P&I
100%
$6,620
Property Taxes
17%
$1,117
Home Insurance
7%
$443
HOA
0%
$0
Property Management
12%
$793
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$727