This property looks like a bad Mid-Term investment with a projected -16.4% first-year return on $283k initial cash invested.
-16.4%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$6,614
Rent
-$3,862
Cashflow
Cash Flow
$6,614 income − $10,476 expenses = $3,862 out of pocket
Investment Breakdown
|
Purchase Price
$1260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$283k
Downpayment
20%
$252k
Closing costs
1%
$12,602
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,614
Total Expenses
$10,476
Mortgage P&I
104%
$6,886
Property Taxes
13%
$892
Home Insurance
7%
$448
HOA
0%
$0
Property Management
12%
$794
CapEx
4%
$265
Vacancy
3%
$198
Maintenance
4%
$265
Other
11%
$728