This property looks like a bad Mid-Term investment with a projected -18.01% first-year return on $281k initial cash invested.
-18.01%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$6,362
Rent
-$4,209
Cashflow
Cash Flow
$6,362 income − $10,571 expenses = $4,209 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
7.2%
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
$6,362
Total Expenses
$10,571
Mortgage P&I
106%
$6,752
Property Taxes
19%
$1,219
Home Insurance
7%
$438
HOA
0%
$0
Property Management
12%
$763
CapEx
4%
$254
Vacancy
3%
$191
Maintenance
4%
$254
Other
11%
$700