This property looks like a bad Mid-Term investment with a projected -15.8% first-year return on $271k initial cash invested.
-15.8%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$7,442
Rent
-$3,567
Cashflow
Cash Flow
$7,442 income − $11,009 expenses = $3,567 out of pocket
Investment Breakdown
|
Purchase Price
$1205k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$271k
Downpayment
20%
$241k
Closing costs
1%
$12,047
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,442
Total Expenses
$11,009
Mortgage P&I
87%
$6,507
Property Taxes
16%
$1,215
Home Insurance
6%
$429
HOA
4%
$327
Property Management
12%
$893
CapEx
4%
$298
Vacancy
3%
$223
Maintenance
4%
$298
Other
11%
$819