This property looks like a bad Mid-Term investment with a projected -18.45% first-year return on $269k initial cash invested.
-18.45%
Cash On Cash
2.11%
Cap Rate
0.35
DSCR
$4,040
Rent
-$4,135
Cashflow
Cash Flow
$4,040 income − $8,175 expenses = $4,135 out of pocket
Investment Breakdown
|
Purchase Price
$1195k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$269k
Downpayment
20%
$239k
Closing costs
1%
$11,947
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,040
Total Expenses
$8,175
Mortgage P&I
150%
$6,075
Property Taxes
5%
$213
Home Insurance
11%
$438
HOA
2%
$75
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444