This property looks like a bad Mid-Term investment with a projected -10.47% first-year return on $286k initial cash invested.
-10.47%
Cash On Cash
4.46%
Cap Rate
0.69
DSCR
$9,600
Rent
-$2,494
Cashflow
Cash Flow
$9,600 income − $12,094 expenses = $2,494 out of pocket
Investment Breakdown
|
Purchase Price
$1275k
Downpayment
20.0%
Interest Rate
7.1%
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
$9,600
Total Expenses
$12,094
Mortgage P&I
71%
$6,844
Property Taxes
13%
$1,237
Home Insurance
5%
$490
HOA
3%
$259
Property Management
12%
$1,152
CapEx
4%
$384
Vacancy
3%
$288
Maintenance
4%
$384
Other
11%
$1,056