This property looks like a bad Mid-Term investment with a projected -23.2% first-year return on $269k initial cash invested.
-23.2%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$3,622
Rent
-$5,199
Cashflow
Cash Flow
$3,622 income − $8,821 expenses = $5,199 out of pocket
Investment Breakdown
|
Purchase Price
$1195k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$269k
Downpayment
20%
$239k
Closing costs
1%
$11,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,622
Total Expenses
$8,821
Mortgage P&I
182%
$6,579
Property Taxes
16%
$592
Home Insurance
12%
$418
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398