This property looks like a bad Mid-Term investment with a projected -23.45% first-year return on $245k initial cash invested.
-23.45%
Cash On Cash
1.44%
Cap Rate
0.22
DSCR
$3,855
Rent
-$4,796
Cashflow
Cash Flow
$3,855 income − $8,651 expenses = $4,796 out of pocket
Investment Breakdown
|
Purchase Price
$1083k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$217k
Closing costs
1%
$10,830
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,855
Total Expenses
$8,651
Mortgage P&I
154%
$5,943
Property Taxes
26%
$1,003
Home Insurance
10%
$394
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424