This property looks like a bad Mid-Term investment with a projected -13.2% first-year return on $282k initial cash invested.
-13.2%
Cash On Cash
3.98%
Cap Rate
0.6
DSCR
$8,151
Rent
-$3,103
Cashflow
Cash Flow
$8,151 income − $11,254 expenses = $3,103 out of pocket
Investment Breakdown
|
Purchase Price
$1258k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$282k
Downpayment
20%
$252k
Closing costs
1%
$12,579
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,151
Total Expenses
$11,254
Mortgage P&I
85%
$6,950
Property Taxes
13%
$1,077
Home Insurance
6%
$455
HOA
0%
$0
Property Management
12%
$978
CapEx
4%
$326
Vacancy
3%
$245
Maintenance
4%
$326
Other
11%
$897