This property looks like a bad Mid-Term investment with a projected -19.21% first-year return on $281k initial cash invested.
-19.21%
Cash On Cash
2.5%
Cap Rate
0.38
DSCR
$4,928
Rent
-$4,494
Cashflow
Cash Flow
$4,928 income − $9,422 expenses = $4,494 out of pocket
Investment Breakdown
|
Purchase Price
$1251k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$250k
Closing costs
1%
$12,509
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,928
Total Expenses
$9,422
Mortgage P&I
140%
$6,906
Property Taxes
7%
$341
Home Insurance
9%
$438
HOA
1%
$62
Property Management
12%
$591
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$542