This property looks like a bad Mid-Term investment with a projected -13.51% first-year return on $277k initial cash invested.
-13.51%
Cash On Cash
3.69%
Cap Rate
0.57
DSCR
$7,798
Rent
-$3,117
Cashflow
Cash Flow
$7,798 income − $10,915 expenses = $3,117 out of pocket
Investment Breakdown
|
Purchase Price
$1233k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$277k
Downpayment
20%
$247k
Closing costs
1%
$12,325
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,798
Total Expenses
$10,915
Mortgage P&I
85%
$6,599
Property Taxes
15%
$1,192
Home Insurance
6%
$472
HOA
0%
$0
Property Management
12%
$936
CapEx
4%
$312
Vacancy
3%
$234
Maintenance
4%
$312
Other
11%
$858