This property looks like a bad Mid-Term investment with a projected -21.82% first-year return on $275k initial cash invested.
-21.82%
Cash On Cash
2.05%
Cap Rate
0.3
DSCR
$3,882
Rent
-$5,006
Cashflow
Cash Flow
$3,882 income − $8,888 expenses = $5,006 out of pocket
Investment Breakdown
|
Purchase Price
$1225k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$275k
Downpayment
20%
$245k
Closing costs
1%
$12,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,882
Total Expenses
$8,888
Mortgage P&I
179%
$6,946
Property Taxes
5%
$194
Home Insurance
11%
$429
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427