This property looks like a bad Mid-Term investment with a projected -21.08% first-year return on $272k initial cash invested.
-21.08%
Cash On Cash
2.03%
Cap Rate
0.31
DSCR
$5,234
Rent
-$4,784
Cashflow
Cash Flow
$5,234 income − $10,018 expenses = $4,784 out of pocket
Investment Breakdown
|
Purchase Price
$1211k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$272k
Downpayment
20%
$242k
Closing costs
1%
$12,110
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,234
Total Expenses
$10,018
Mortgage P&I
127%
$6,624
Property Taxes
22%
$1,177
Home Insurance
8%
$438
HOA
0%
$0
Property Management
12%
$628
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$576