This property looks like a bad Mid-Term investment with a projected -16.76% first-year return on $279k initial cash invested.
-16.76%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$6,738
Rent
-$3,894
Cashflow
Cash Flow
$6,738 income − $10,632 expenses = $3,894 out of pocket
Investment Breakdown
|
Purchase Price
$1242k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$279k
Downpayment
20%
$248k
Closing costs
1%
$12,422
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,738
Total Expenses
$10,632
Mortgage P&I
103%
$6,913
Property Taxes
12%
$837
Home Insurance
7%
$448
HOA
2%
$142
Property Management
12%
$809
CapEx
4%
$270
Vacancy
3%
$202
Maintenance
4%
$270
Other
11%
$741