This property looks like a bad Mid-Term investment with a projected -22.22% first-year return on $277k initial cash invested.
-22.22%
Cash On Cash
1.28%
Cap Rate
0.21
DSCR
$3,820
Rent
-$5,124
Cashflow
Cash Flow
$3,820 income − $8,944 expenses = $5,124 out of pocket
Investment Breakdown
|
Purchase Price
$1232k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$277k
Downpayment
20%
$246k
Closing costs
1%
$12,320
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,820
Total Expenses
$8,944
Mortgage P&I
164%
$6,282
Property Taxes
22%
$838
Home Insurance
14%
$525
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420