This property looks like a bad Mid-Term investment with a projected -16.86% first-year return on $253k initial cash invested.
-16.86%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$5,920
Rent
-$3,562
Cashflow
Cash Flow
$5,920 income − $9,482 expenses = $3,562 out of pocket
Investment Breakdown
|
Purchase Price
$1121k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$253k
Downpayment
20%
$224k
Closing costs
1%
$11,212
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,920
Total Expenses
$9,482
Mortgage P&I
103%
$6,104
Property Taxes
17%
$980
Home Insurance
7%
$385
HOA
0%
$0
Property Management
12%
$710
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$651