This property looks like a bad Mid-Term investment with a projected -22.84% first-year return on $284k initial cash invested.
-22.84%
Cash On Cash
1%
Cap Rate
0.17
DSCR
$2,280
Rent
-$5,415
Cashflow
Cash Flow
$2,280 income − $7,695 expenses = $5,415 out of pocket
Investment Breakdown
|
Purchase Price
$1269k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$254k
Closing costs
1%
$12,688
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,280
Total Expenses
$7,695
Mortgage P&I
280%
$6,386
Property Taxes
3%
$62
Home Insurance
21%
$472
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251