This property looks like a bad Mid-Term investment with a projected -12.27% first-year return on $283k initial cash invested.
-12.27%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$8,403
Rent
-$2,893
Cashflow
Cash Flow
$8,403 income − $11,296 expenses = $2,893 out of pocket
Investment Breakdown
|
Purchase Price
$1261k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$283k
Downpayment
20%
$252k
Closing costs
1%
$12,612
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,403
Total Expenses
$11,296
Mortgage P&I
82%
$6,890
Property Taxes
13%
$1,130
Home Insurance
5%
$420
HOA
0%
$0
Property Management
12%
$1,008
CapEx
4%
$336
Vacancy
3%
$252
Maintenance
4%
$336
Other
11%
$924