This property looks like a bad Mid-Term investment with a projected -24.64% first-year return on $267k initial cash invested.
-24.64%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$3,717
Rent
-$5,493
Cashflow
Cash Flow
$3,717 income − $9,210 expenses = $5,493 out of pocket
Investment Breakdown
|
Purchase Price
$1188k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$267k
Downpayment
20%
$238k
Closing costs
1%
$11,880
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,717
Total Expenses
$9,210
Mortgage P&I
171%
$6,371
Property Taxes
31%
$1,158
Home Insurance
11%
$416
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409