This property looks like a bad Mid-Term investment with a projected -17.56% first-year return on $281k initial cash invested.
-17.56%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$5,697
Rent
-$4,105
Cashflow
Cash Flow
$5,697 income − $9,802 expenses = $4,105 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$250k
Closing costs
1%
$12,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,697
Total Expenses
$9,802
Mortgage P&I
123%
$6,998
Property Taxes
8%
$428
Home Insurance
8%
$438
HOA
0%
$0
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627