This property looks like a bad Mid-Term investment with a projected -23.29% first-year return on $254k initial cash invested.
-23.29%
Cash On Cash
1.35%
Cap Rate
0.21
DSCR
$2,943
Rent
-$4,934
Cashflow
Cash Flow
$2,943 income − $7,877 expenses = $4,934 out of pocket
Investment Breakdown
|
Purchase Price
$1125k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$254k
Downpayment
20%
$225k
Closing costs
1%
$11,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,943
Total Expenses
$7,877
Mortgage P&I
207%
$6,082
Property Taxes
14%
$400
Home Insurance
13%
$394
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324