This property looks like a bad Mid-Term investment with a projected -16.36% first-year return on $277k initial cash invested.
-16.36%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$6,748
Rent
-$3,782
Cashflow
Cash Flow
$6,748 income − $10,530 expenses = $3,782 out of pocket
Investment Breakdown
|
Purchase Price
$1235k
Downpayment
20.0%
Interest Rate
7.2%
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
$6,748
Total Expenses
$10,530
Mortgage P&I
99%
$6,694
Property Taxes
16%
$1,104
Home Insurance
6%
$438
HOA
0%
$0
Property Management
12%
$810
CapEx
4%
$270
Vacancy
3%
$202
Maintenance
4%
$270
Other
11%
$742