This property looks like a bad Mid-Term investment with a projected -19.84% first-year return on $278k initial cash invested.
-19.84%
Cash On Cash
2.24%
Cap Rate
0.35
DSCR
$5,560
Rent
-$4,596
Cashflow
Cash Flow
$5,560 income − $10,156 expenses = $4,596 out of pocket
Investment Breakdown
|
Purchase Price
$1238k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,377
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,560
Total Expenses
$10,156
Mortgage P&I
120%
$6,684
Property Taxes
19%
$1,057
Home Insurance
8%
$446
HOA
1%
$79
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$612