This property looks like a bad Mid-Term investment with a projected -18.67% first-year return on $254k initial cash invested.
-18.67%
Cash On Cash
2.52%
Cap Rate
0.39
DSCR
$4,992
Rent
-$3,953
Cashflow
Cash Flow
$4,992 income − $8,945 expenses = $3,953 out of pocket
Investment Breakdown
|
Purchase Price
$1124k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$254k
Downpayment
20%
$225k
Closing costs
1%
$11,240
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,992
Total Expenses
$8,945
Mortgage P&I
123%
$6,115
Property Taxes
11%
$565
Home Insurance
8%
$393
HOA
3%
$174
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549