This property looks like a bad Mid-Term investment with a projected -20.29% first-year return on $244k initial cash invested.
-20.29%
Cash On Cash
1.56%
Cap Rate
0.26
DSCR
$2,620
Rent
-$4,121
Cashflow
Cash Flow
$2,620 income − $6,741 expenses = $4,121 out of pocket
Investment Breakdown
|
Purchase Price
$1075k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$244k
Downpayment
20%
$215k
Closing costs
1%
$10,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,620
Total Expenses
$6,741
Mortgage P&I
207%
$5,414
Property Taxes
2%
$60
Home Insurance
14%
$376
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288