This property looks like a bad Mid-Term investment with a projected -26.95% first-year return on $286k initial cash invested.
-26.95%
Cash On Cash
0.4%
Cap Rate
0.06
DSCR
$3,009
Rent
-$6,418
Cashflow
Cash Flow
$3,009 income − $9,427 expenses = $6,418 out of pocket
Investment Breakdown
|
Purchase Price
$1275k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$286k
Downpayment
20%
$255k
Closing costs
1%
$12,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,009
Total Expenses
$9,427
Mortgage P&I
224%
$6,727
Property Taxes
41%
$1,232
Home Insurance
15%
$446
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331