This property looks like a bad Mid-Term investment with a projected -19.72% first-year return on $278k initial cash invested.
-19.72%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$5,276
Rent
-$4,573
Cashflow
Cash Flow
$5,276 income − $9,849 expenses = $4,573 out of pocket
Investment Breakdown
|
Purchase Price
$1239k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,394
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,276
Total Expenses
$9,849
Mortgage P&I
128%
$6,729
Property Taxes
13%
$673
Home Insurance
8%
$406
HOA
5%
$248
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580