This property looks like a bad Mid-Term investment with a projected -19.31% first-year return on $282k initial cash invested.
-19.31%
Cash On Cash
2.47%
Cap Rate
0.38
DSCR
$6,216
Rent
-$4,538
Cashflow
Cash Flow
$6,216 income − $10,754 expenses = $4,538 out of pocket
Investment Breakdown
|
Purchase Price
$1257k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$282k
Downpayment
20%
$251k
Closing costs
1%
$12,571
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,216
Total Expenses
$10,754
Mortgage P&I
111%
$6,879
Property Taxes
21%
$1,310
Home Insurance
7%
$451
HOA
0%
$0
Property Management
12%
$746
CapEx
4%
$249
Vacancy
3%
$186
Maintenance
4%
$249
Other
11%
$684