This property looks like a bad Mid-Term investment with a projected -16.86% first-year return on $280k initial cash invested.
-16.86%
Cash On Cash
2.59%
Cap Rate
0.42
DSCR
$7,284
Rent
-$3,931
Cashflow
Cash Flow
$7,284 income − $11,215 expenses = $3,931 out of pocket
Investment Breakdown
|
Purchase Price
$1247k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$280k
Downpayment
20%
$249k
Closing costs
1%
$12,469
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,284
Total Expenses
$11,215
Mortgage P&I
87%
$6,327
Property Taxes
27%
$1,966
Home Insurance
6%
$446
HOA
0%
$0
Property Management
12%
$874
CapEx
4%
$291
Vacancy
3%
$219
Maintenance
4%
$291
Other
11%
$801