This property looks like a bad Mid-Term investment with a projected -17.7% first-year return on $278k initial cash invested.
-17.7%
Cash On Cash
2.75%
Cap Rate
0.42
DSCR
$6,356
Rent
-$4,100
Cashflow
Cash Flow
$6,356 income − $10,456 expenses = $4,100 out of pocket
Investment Breakdown
|
Purchase Price
$1238k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,377
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,356
Total Expenses
$10,456
Mortgage P&I
105%
$6,686
Property Taxes
19%
$1,189
Home Insurance
7%
$420
HOA
0%
$0
Property Management
12%
$763
CapEx
4%
$254
Vacancy
3%
$191
Maintenance
4%
$254
Other
11%
$699