This property looks like a bad Mid-Term investment with a projected -20.83% first-year return on $283k initial cash invested.
-20.83%
Cash On Cash
2.25%
Cap Rate
0.33
DSCR
$4,778
Rent
-$4,917
Cashflow
Cash Flow
$4,778 income − $9,695 expenses = $4,917 out of pocket
Investment Breakdown
|
Purchase Price
$1263k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$283k
Downpayment
20%
$253k
Closing costs
1%
$12,629
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,778
Total Expenses
$9,695
Mortgage P&I
148%
$7,092
Property Taxes
11%
$507
Home Insurance
10%
$472
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$526