This property looks like a bad Mid-Term investment with a projected -17.46% first-year return on $258k initial cash invested.
-17.46%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$5,472
Rent
-$3,754
Cashflow
Cash Flow
$5,472 income − $9,226 expenses = $3,754 out of pocket
Investment Breakdown
|
Purchase Price
$1143k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$229k
Closing costs
1%
$11,427
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,472
Total Expenses
$9,226
Mortgage P&I
107%
$5,832
Property Taxes
21%
$1,131
Home Insurance
7%
$402
HOA
0%
$0
Property Management
12%
$657
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602