This property looks like a bad Mid-Term investment with a projected -19.7% first-year return on $281k initial cash invested.
-19.7%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$5,020
Rent
-$4,604
Cashflow
Cash Flow
$5,020 income − $9,624 expenses = $4,604 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,020
Total Expenses
$9,624
Mortgage P&I
137%
$6,891
Property Taxes
12%
$588
Home Insurance
9%
$438
HOA
0%
$0
Property Management
12%
$602
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$552