This property looks like a bad Mid-Term investment with a projected -11.27% first-year return on $277k initial cash invested.
-11.27%
Cash On Cash
3.81%
Cap Rate
0.63
DSCR
$6,412
Rent
-$2,603
Cashflow
Cash Flow
$6,412 income − $9,015 expenses = $2,603 out of pocket
Investment Breakdown
|
Purchase Price
$1234k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$277k
Downpayment
20%
$247k
Closing costs
1%
$12,340
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,412
Total Expenses
$9,015
Mortgage P&I
98%
$6,260
Property Taxes
1%
$53
Home Insurance
7%
$432
HOA
1%
$92
Property Management
12%
$769
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$705