This property looks like a bad Mid-Term investment with a projected -20.37% first-year return on $281k initial cash invested.
-20.37%
Cash On Cash
1.89%
Cap Rate
0.3
DSCR
$4,074
Rent
-$4,761
Cashflow
Cash Flow
$4,074 income − $8,835 expenses = $4,761 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,074
Total Expenses
$8,835
Mortgage P&I
161%
$6,569
Property Taxes
9%
$378
Home Insurance
11%
$438
HOA
2%
$65
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448