This property looks like a bad Mid-Term investment with a projected -21.91% first-year return on $253k initial cash invested.
-21.91%
Cash On Cash
1.98%
Cap Rate
0.29
DSCR
$5,109
Rent
-$4,616
Cashflow
Cash Flow
$5,109 income − $9,725 expenses = $4,616 out of pocket
Investment Breakdown
|
Purchase Price
$1118k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$253k
Downpayment
20%
$224k
Closing costs
1%
$11,181
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,109
Total Expenses
$9,725
Mortgage P&I
122%
$6,254
Property Taxes
26%
$1,341
Home Insurance
8%
$394
HOA
0%
$0
Property Management
12%
$613
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$562