This property looks like a bad Mid-Term investment with a projected -18.54% first-year return on $281k initial cash invested.
-18.54%
Cash On Cash
2.03%
Cap Rate
0.34
DSCR
$4,564
Rent
-$4,334
Cashflow
Cash Flow
$4,564 income − $8,898 expenses = $4,334 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
6.4%
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
$4,564
Total Expenses
$8,898
Mortgage P&I
137%
$6,264
Property Taxes
14%
$643
Home Insurance
10%
$438
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502