This property looks like a bad Mid-Term investment with a projected -16.33% first-year return on $275k initial cash invested.
-16.33%
Cash On Cash
2.6%
Cap Rate
0.43
DSCR
$5,679
Rent
-$3,745
Cashflow
Cash Flow
$5,679 income − $9,424 expenses = $3,745 out of pocket
Investment Breakdown
|
Purchase Price
$1225k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$275k
Downpayment
20%
$245k
Closing costs
1%
$12,246
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,679
Total Expenses
$9,424
Mortgage P&I
109%
$6,174
Property Taxes
16%
$887
Home Insurance
8%
$433
HOA
0%
$0
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$625