This property looks like a bad Mid-Term investment with a projected -24.32% first-year return on $257k initial cash invested.
-24.32%
Cash On Cash
1.2%
Cap Rate
0.18
DSCR
$2,658
Rent
-$5,216
Cashflow
Cash Flow
$2,658 income − $7,874 expenses = $5,216 out of pocket
Investment Breakdown
|
Purchase Price
$1140k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$257k
Downpayment
20%
$228k
Closing costs
1%
$11,400
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,658
Total Expenses
$7,874
Mortgage P&I
235%
$6,249
Property Taxes
12%
$323
Home Insurance
15%
$399
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292