This property looks like a bad Mid-Term investment with a projected -19.21% first-year return on $276k initial cash invested.
-19.21%
Cash On Cash
2.45%
Cap Rate
0.38
DSCR
$6,140
Rent
-$4,421
Cashflow
Cash Flow
$6,140 income − $10,561 expenses = $4,421 out of pocket
Investment Breakdown
|
Purchase Price
$1229k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$246k
Closing costs
1%
$12,294
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,140
Total Expenses
$10,561
Mortgage P&I
109%
$6,680
Property Taxes
22%
$1,338
Home Insurance
7%
$455
HOA
0%
$0
Property Management
12%
$737
CapEx
4%
$246
Vacancy
3%
$184
Maintenance
4%
$246
Other
11%
$675