This property looks like a bad Mid-Term investment with a projected -14.84% first-year return on $275k initial cash invested.
-14.84%
Cash On Cash
3.69%
Cap Rate
0.55
DSCR
$7,250
Rent
-$3,398
Cashflow
Cash Flow
$7,250 income − $10,648 expenses = $3,398 out of pocket
Investment Breakdown
|
Purchase Price
$1222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$275k
Downpayment
20%
$244k
Closing costs
1%
$12,223
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,250
Total Expenses
$10,648
Mortgage P&I
95%
$6,862
Property Taxes
12%
$882
Home Insurance
6%
$438
HOA
0%
$0
Property Management
12%
$870
CapEx
4%
$290
Vacancy
3%
$218
Maintenance
4%
$290
Other
11%
$798