This property looks like a bad Mid-Term investment with a projected -12.55% first-year return on $281k initial cash invested.
-12.55%
Cash On Cash
3.68%
Cap Rate
0.59
DSCR
$7,698
Rent
-$2,936
Cashflow
Cash Flow
$7,698 income − $10,634 expenses = $2,936 out of pocket
Investment Breakdown
|
Purchase Price
$1251k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$250k
Closing costs
1%
$12,514
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,698
Total Expenses
$10,634
Mortgage P&I
84%
$6,465
Property Taxes
14%
$1,104
Home Insurance
6%
$447
HOA
0%
$0
Property Management
12%
$924
CapEx
4%
$308
Vacancy
3%
$231
Maintenance
4%
$308
Other
11%
$847