This property looks like a bad Mid-Term investment with a projected -16.32% first-year return on $285k initial cash invested.
-16.32%
Cash On Cash
2.91%
Cap Rate
0.46
DSCR
$6,868
Rent
-$3,872
Cashflow
Cash Flow
$6,868 income − $10,740 expenses = $3,872 out of pocket
Investment Breakdown
|
Purchase Price
$1270k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$285k
Downpayment
20%
$254k
Closing costs
1%
$12,702
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,868
Total Expenses
$10,740
Mortgage P&I
97%
$6,673
Property Taxes
19%
$1,277
Home Insurance
7%
$455
HOA
0%
$0
Property Management
12%
$824
CapEx
4%
$275
Vacancy
3%
$206
Maintenance
4%
$275
Other
11%
$755