This property looks like a bad Mid-Term investment with a projected -14.72% first-year return on $276k initial cash invested.
-14.72%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$7,806
Rent
-$3,382
Cashflow
Cash Flow
$7,806 income − $11,188 expenses = $3,382 out of pocket
Investment Breakdown
|
Purchase Price
$1227k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$245k
Closing costs
1%
$12,270
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,806
Total Expenses
$11,188
Mortgage P&I
87%
$6,828
Property Taxes
16%
$1,260
Home Insurance
6%
$446
HOA
0%
$0
Property Management
12%
$937
CapEx
4%
$312
Vacancy
3%
$234
Maintenance
4%
$312
Other
11%
$859