This property looks like a bad Mid-Term investment with a projected -21.18% first-year return on $283k initial cash invested.
-21.18%
Cash On Cash
2%
Cap Rate
0.31
DSCR
$5,836
Rent
-$4,988
Cashflow
Cash Flow
$5,836 income − $10,824 expenses = $4,988 out of pocket
Investment Breakdown
|
Purchase Price
$1260k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$283k
Downpayment
20%
$252k
Closing costs
1%
$12,601
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,836
Total Expenses
$10,824
Mortgage P&I
118%
$6,859
Property Taxes
25%
$1,474
Home Insurance
9%
$508
HOA
0%
$0
Property Management
12%
$700
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$642