This property looks like a bad Mid-Term investment with a projected -19.22% first-year return on $275k initial cash invested.
-19.22%
Cash On Cash
2.45%
Cap Rate
0.37
DSCR
$4,828
Rent
-$4,409
Cashflow
Cash Flow
$4,828 income − $9,237 expenses = $4,409 out of pocket
Investment Breakdown
|
Purchase Price
$1225k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$275k
Downpayment
20%
$245k
Closing costs
1%
$12,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,828
Total Expenses
$9,237
Mortgage P&I
139%
$6,713
Property Taxes
5%
$264
Home Insurance
9%
$429
HOA
4%
$190
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531