This property looks like a bad Mid-Term investment with a projected -17.58% first-year return on $282k initial cash invested.
-17.58%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$6,602
Rent
-$4,126
Cashflow
Cash Flow
$6,602 income − $10,728 expenses = $4,126 out of pocket
Investment Breakdown
|
Purchase Price
$1256k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$282k
Downpayment
20%
$251k
Closing costs
1%
$12,558
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,602
Total Expenses
$10,728
Mortgage P&I
102%
$6,752
Property Taxes
19%
$1,277
Home Insurance
7%
$455
HOA
0%
$0
Property Management
12%
$792
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$726