This property looks like a bad Mid-Term investment with a projected -23.62% first-year return on $265k initial cash invested.
-23.62%
Cash On Cash
1.64%
Cap Rate
0.24
DSCR
$3,166
Rent
-$5,211
Cashflow
Cash Flow
$3,166 income − $8,377 expenses = $5,211 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,166
Total Expenses
$8,377
Mortgage P&I
211%
$6,694
Property Taxes
6%
$195
Home Insurance
13%
$411
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348