This property looks like a bad Mid-Term investment with a projected -10.7% first-year return on $281k initial cash invested.
-10.7%
Cash On Cash
4.59%
Cap Rate
0.69
DSCR
$8,722
Rent
-$2,507
Cashflow
Cash Flow
$8,722 income − $11,229 expenses = $2,507 out of pocket
Investment Breakdown
|
Purchase Price
$1253k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$251k
Closing costs
1%
$12,530
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,722
Total Expenses
$11,229
Mortgage P&I
80%
$6,952
Property Taxes
11%
$992
Home Insurance
4%
$308
HOA
0%
$11
Property Management
12%
$1,047
CapEx
4%
$349
Vacancy
3%
$262
Maintenance
4%
$349
Other
11%
$959