This property looks like a bad Mid-Term investment with a projected -22.44% first-year return on $268k initial cash invested.
-22.44%
Cash On Cash
1.97%
Cap Rate
0.29
DSCR
$3,693
Rent
-$5,004
Cashflow
Cash Flow
$3,693 income − $8,697 expenses = $5,004 out of pocket
Investment Breakdown
|
Purchase Price
$1189k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$238k
Closing costs
1%
$11,886
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,693
Total Expenses
$8,697
Mortgage P&I
184%
$6,812
Property Taxes
5%
$193
Home Insurance
12%
$436
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406