This property looks like a bad Mid-Term investment with a projected -22.83% first-year return on $284k initial cash invested.
-22.83%
Cash On Cash
1.86%
Cap Rate
0.27
DSCR
$3,842
Rent
-$5,396
Cashflow
Cash Flow
$3,842 income − $9,238 expenses = $5,396 out of pocket
Investment Breakdown
|
Purchase Price
$1265k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,842
Total Expenses
$9,238
Mortgage P&I
187%
$7,198
Property Taxes
8%
$290
Home Insurance
12%
$443
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423