This property looks like a bad Mid-Term investment with a projected -18.62% first-year return on $286k initial cash invested.
-18.62%
Cash On Cash
2.83%
Cap Rate
0.42
DSCR
$6,580
Rent
-$4,434
Cashflow
Cash Flow
$6,580 income − $11,014 expenses = $4,434 out of pocket
Investment Breakdown
|
Purchase Price
$1275k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$286k
Downpayment
20%
$255k
Closing costs
1%
$12,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,580
Total Expenses
$11,014
Mortgage P&I
109%
$7,178
Property Taxes
18%
$1,153
Home Insurance
7%
$446
HOA
0%
$0
Property Management
12%
$790
CapEx
4%
$263
Vacancy
3%
$197
Maintenance
4%
$263
Other
11%
$724