This property looks like a bad Mid-Term investment with a projected -14.27% first-year return on $281k initial cash invested.
-14.27%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$6,050
Rent
-$3,348
Cashflow
Cash Flow
$6,050 income − $9,398 expenses = $3,348 out of pocket
Investment Breakdown
|
Purchase Price
$1255k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$251k
Closing costs
1%
$12,546
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,050
Total Expenses
$9,398
Mortgage P&I
110%
$6,640
Property Taxes
4%
$236
Home Insurance
8%
$464
HOA
0%
$0
Property Management
12%
$726
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666