This property looks like a bad Mid-Term investment with a projected -18.62% first-year return on $264k initial cash invested.
-18.62%
Cash On Cash
2.47%
Cap Rate
0.38
DSCR
$5,865
Rent
-$4,097
Cashflow
Cash Flow
$5,865 income − $9,962 expenses = $4,097 out of pocket
Investment Breakdown
|
Purchase Price
$1171k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$264k
Downpayment
20%
$234k
Closing costs
1%
$11,713
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,865
Total Expenses
$9,962
Mortgage P&I
107%
$6,273
Property Taxes
20%
$1,189
Home Insurance
7%
$420
HOA
1%
$85
Property Management
12%
$704
CapEx
4%
$235
Vacancy
3%
$176
Maintenance
4%
$235
Other
11%
$645