This property looks like a bad Mid-Term investment with a projected -13.77% first-year return on $277k initial cash invested.
-13.77%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$7,203
Rent
-$3,182
Cashflow
Cash Flow
$7,203 income − $10,385 expenses = $3,182 out of pocket
Investment Breakdown
|
Purchase Price
$1235k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$277k
Downpayment
20%
$247k
Closing costs
1%
$12,352
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,203
Total Expenses
$10,385
Mortgage P&I
88%
$6,367
Property Taxes
17%
$1,223
Home Insurance
4%
$315
HOA
0%
$32
Property Management
12%
$864
CapEx
4%
$288
Vacancy
3%
$216
Maintenance
4%
$288
Other
11%
$792