This property looks like a bad Mid-Term investment with a projected -15.52% first-year return on $281k initial cash invested.
-15.52%
Cash On Cash
3.1%
Cap Rate
0.49
DSCR
$5,838
Rent
-$3,628
Cashflow
Cash Flow
$5,838 income − $9,466 expenses = $3,628 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$250k
Closing costs
1%
$12,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,838
Total Expenses
$9,466
Mortgage P&I
113%
$6,622
Property Taxes
7%
$420
Home Insurance
8%
$438
HOA
0%
$0
Property Management
12%
$701
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$642