This property looks like a bad Mid-Term investment with a projected -17.03% first-year return on $280k initial cash invested.
-17.03%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$6,742
Rent
-$3,977
Cashflow
Cash Flow
$6,742 income − $10,719 expenses = $3,977 out of pocket
Investment Breakdown
|
Purchase Price
$1249k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$280k
Downpayment
20%
$250k
Closing costs
1%
$12,486
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,742
Total Expenses
$10,719
Mortgage P&I
101%
$6,830
Property Taxes
17%
$1,137
Home Insurance
7%
$446
HOA
0%
$13
Property Management
12%
$809
CapEx
4%
$270
Vacancy
3%
$202
Maintenance
4%
$270
Other
11%
$742