This property looks like a bad Mid-Term investment with a projected -14.15% first-year return on $273k initial cash invested.
-14.15%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$7,570
Rent
-$3,221
Cashflow
Cash Flow
$7,570 income − $10,791 expenses = $3,221 out of pocket
Investment Breakdown
|
Purchase Price
$1215k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$243k
Closing costs
1%
$12,149
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,570
Total Expenses
$10,791
Mortgage P&I
86%
$6,479
Property Taxes
14%
$1,073
Home Insurance
6%
$425
HOA
3%
$240
Property Management
12%
$908
CapEx
4%
$303
Vacancy
3%
$227
Maintenance
4%
$303
Other
11%
$833