This property looks like a bad Mid-Term investment with a projected -12.18% first-year return on $280k initial cash invested.
-12.18%
Cash On Cash
4.32%
Cap Rate
0.64
DSCR
$8,151
Rent
-$2,846
Cashflow
Cash Flow
$8,151 income − $10,997 expenses = $2,846 out of pocket
Investment Breakdown
|
Purchase Price
$1249k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$280k
Downpayment
20%
$250k
Closing costs
1%
$12,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,151
Total Expenses
$10,997
Mortgage P&I
86%
$7,012
Property Taxes
10%
$776
Home Insurance
5%
$437
HOA
0%
$0
Property Management
12%
$978
CapEx
4%
$326
Vacancy
3%
$245
Maintenance
4%
$326
Other
11%
$897