This property looks like a bad Mid-Term investment with a projected -18.46% first-year return on $259k initial cash invested.
-18.46%
Cash On Cash
2.82%
Cap Rate
0.42
DSCR
$5,476
Rent
-$3,988
Cashflow
Cash Flow
$5,476 income − $9,464 expenses = $3,988 out of pocket
Investment Breakdown
|
Purchase Price
$1149k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$230k
Closing costs
1%
$11,491
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,476
Total Expenses
$9,464
Mortgage P&I
118%
$6,470
Property Taxes
11%
$580
Home Insurance
8%
$420
HOA
2%
$133
Property Management
12%
$657
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602