This property looks like a bad Mid-Term investment with a projected -19.47% first-year return on $276k initial cash invested.
-19.47%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$5,946
Rent
-$4,484
Cashflow
Cash Flow
$5,946 income − $10,430 expenses = $4,484 out of pocket
Investment Breakdown
|
Purchase Price
$1230k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$246k
Closing costs
1%
$12,300
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,946
Total Expenses
$10,430
Mortgage P&I
113%
$6,701
Property Taxes
21%
$1,270
Home Insurance
7%
$437
HOA
0%
$0
Property Management
12%
$714
CapEx
4%
$238
Vacancy
3%
$178
Maintenance
4%
$238
Other
11%
$654