This property looks like a bad Mid-Term investment with a projected -17.49% first-year return on $278k initial cash invested.
-17.49%
Cash On Cash
2.33%
Cap Rate
0.39
DSCR
$6,804
Rent
-$4,052
Cashflow
Cash Flow
$6,804 income − $10,856 expenses = $4,052 out of pocket
Investment Breakdown
|
Purchase Price
$1238k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,384
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,804
Total Expenses
$10,856
Mortgage P&I
91%
$6,181
Property Taxes
28%
$1,926
Home Insurance
6%
$437
HOA
0%
$0
Property Management
12%
$816
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$748