This property looks like a bad Mid-Term investment with a projected -14.85% first-year return on $281k initial cash invested.
-14.85%
Cash On Cash
3.01%
Cap Rate
0.49
DSCR
$6,450
Rent
-$3,482
Cashflow
Cash Flow
$6,450 income − $9,932 expenses = $3,482 out of pocket
Investment Breakdown
|
Purchase Price
$1254k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$251k
Closing costs
1%
$12,540
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,450
Total Expenses
$9,932
Mortgage P&I
99%
$6,367
Property Taxes
14%
$933
Home Insurance
7%
$438
HOA
0%
$0
Property Management
12%
$774
CapEx
4%
$258
Vacancy
3%
$194
Maintenance
4%
$258
Other
11%
$710