This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $276k initial cash invested.
-7.07%
Cash On Cash
5.39%
Cap Rate
0.82
DSCR
$10,671
Rent
-$1,623
Cashflow
Cash Flow
$10,671 income − $12,294 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$1226k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$245k
Closing costs
1%
$12,264
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,671
Total Expenses
$12,294
Mortgage P&I
63%
$6,708
Property Taxes
11%
$1,170
Home Insurance
4%
$420
HOA
3%
$367
Property Management
12%
$1,281
CapEx
4%
$427
Vacancy
3%
$320
Maintenance
4%
$427
Other
11%
$1,174