This property looks like a bad Mid-Term investment with a projected -18.72% first-year return on $254k initial cash invested.
-18.72%
Cash On Cash
2.49%
Cap Rate
0.38
DSCR
$4,408
Rent
-$3,969
Cashflow
Cash Flow
$4,408 income − $8,377 expenses = $3,969 out of pocket
Investment Breakdown
|
Purchase Price
$1126k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$254k
Downpayment
20%
$225k
Closing costs
1%
$11,256
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,408
Total Expenses
$8,377
Mortgage P&I
139%
$6,132
Property Taxes
8%
$345
Home Insurance
9%
$402
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485