This property looks like a bad Mid-Term investment with a projected -20.03% first-year return on $252k initial cash invested.
-20.03%
Cash On Cash
1.79%
Cap Rate
0.29
DSCR
$4,694
Rent
-$4,206
Cashflow
Cash Flow
$4,694 income − $8,900 expenses = $4,206 out of pocket
Investment Breakdown
|
Purchase Price
$1114k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$223k
Closing costs
1%
$11,140
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,694
Total Expenses
$8,900
Mortgage P&I
121%
$5,680
Property Taxes
28%
$1,309
Home Insurance
7%
$315
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516