This property looks like a bad Mid-Term investment with a projected -15.73% first-year return on $281k initial cash invested.
-15.73%
Cash On Cash
2.82%
Cap Rate
0.46
DSCR
$6,436
Rent
-$3,676
Cashflow
Cash Flow
$6,436 income − $10,112 expenses = $3,676 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$250k
Closing costs
1%
$12,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,436
Total Expenses
$10,112
Mortgage P&I
99%
$6,359
Property Taxes
18%
$1,128
Home Insurance
7%
$438
HOA
0%
$0
Property Management
12%
$772
CapEx
4%
$257
Vacancy
3%
$193
Maintenance
4%
$257
Other
11%
$708