This property looks like a bad Mid-Term investment with a projected -8.92% first-year return on $283k initial cash invested.
-8.92%
Cash On Cash
4.84%
Cap Rate
0.75
DSCR
$9,740
Rent
-$2,107
Cashflow
Cash Flow
$9,740 income − $11,847 expenses = $2,107 out of pocket
Investment Breakdown
|
Purchase Price
$1264k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$283k
Downpayment
20%
$253k
Closing costs
1%
$12,635
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,740
Total Expenses
$11,847
Mortgage P&I
70%
$6,809
Property Taxes
13%
$1,273
Home Insurance
5%
$453
HOA
0%
$0
Property Management
12%
$1,169
CapEx
4%
$390
Vacancy
3%
$292
Maintenance
4%
$390
Other
11%
$1,071