This property looks like a bad Mid-Term investment with a projected -20.33% first-year return on $264k initial cash invested.
-20.33%
Cash On Cash
2.04%
Cap Rate
0.34
DSCR
$5,643
Rent
-$4,468
Cashflow
Cash Flow
$5,643 income − $10,111 expenses = $4,468 out of pocket
Investment Breakdown
|
Purchase Price
$1256k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$264k
Downpayment
20%
$251k
Closing costs
1%
$12,559
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$5,643
Total Expenses
$10,111
Mortgage P&I
113%
$6,379
Property Taxes
25%
$1,390
Home Insurance
8%
$423
HOA
0%
$0
Property Management
12%
$677
CapEx
4%
$226
Vacancy
3%
$169
Maintenance
4%
$226
Other
11%
$621