This property looks like a bad Mid-Term investment with a projected -23.09% first-year return on $253k initial cash invested.
-23.09%
Cash On Cash
1.49%
Cap Rate
0.23
DSCR
$4,228
Rent
-$4,862
Cashflow
Cash Flow
$4,228 income − $9,090 expenses = $4,862 out of pocket
Investment Breakdown
|
Purchase Price
$1117k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$253k
Downpayment
20%
$223k
Closing costs
1%
$11,174
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,228
Total Expenses
$9,090
Mortgage P&I
144%
$6,082
Property Taxes
28%
$1,169
Home Insurance
10%
$402
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465