This property looks like a bad Mid-Term investment with a projected -19.1% first-year return on $274k initial cash invested.
-19.1%
Cash On Cash
2.3%
Cap Rate
0.36
DSCR
$4,815
Rent
-$4,363
Cashflow
Cash Flow
$4,815 income − $9,178 expenses = $4,363 out of pocket
Investment Breakdown
|
Purchase Price
$1220k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$274k
Downpayment
20%
$244k
Closing costs
1%
$12,196
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,815
Total Expenses
$9,178
Mortgage P&I
135%
$6,508
Property Taxes
12%
$586
Home Insurance
9%
$446
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530