This property looks like a bad Mid-Term investment with a projected -17.4% first-year return on $254k initial cash invested.
-17.4%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$5,769
Rent
-$3,686
Cashflow
Cash Flow
$5,769 income − $9,455 expenses = $3,686 out of pocket
Investment Breakdown
|
Purchase Price
$1125k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$254k
Downpayment
20%
$225k
Closing costs
1%
$11,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,769
Total Expenses
$9,455
Mortgage P&I
105%
$6,077
Property Taxes
18%
$1,022
Home Insurance
7%
$394
HOA
0%
$0
Property Management
12%
$692
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$635