This property looks like a bad Mid-Term investment with a projected -11.62% first-year return on $276k initial cash invested.
-11.62%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$7,214
Rent
-$2,675
Cashflow
Cash Flow
$7,214 income − $9,889 expenses = $2,675 out of pocket
Investment Breakdown
|
Purchase Price
$1230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$246k
Closing costs
1%
$12,303
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,214
Total Expenses
$9,889
Mortgage P&I
94%
$6,810
Property Taxes
2%
$172
Home Insurance
6%
$453
HOA
0%
$0
Property Management
12%
$866
CapEx
4%
$289
Vacancy
3%
$216
Maintenance
4%
$289
Other
11%
$794