This property looks like a bad Mid-Term investment with a projected -19.88% first-year return on $268k initial cash invested.
-19.88%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$3,723
Rent
-$4,438
Cashflow
Cash Flow
$3,723 income − $8,161 expenses = $4,438 out of pocket
Investment Breakdown
|
Purchase Price
$1190k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$238k
Closing costs
1%
$11,900
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,723
Total Expenses
$8,161
Mortgage P&I
170%
$6,334
Property Taxes
4%
$144
Home Insurance
11%
$416
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410