This property looks like a bad Mid-Term investment with a projected -20.05% first-year return on $259k initial cash invested.
-20.05%
Cash On Cash
2.17%
Cap Rate
0.33
DSCR
$5,056
Rent
-$4,329
Cashflow
Cash Flow
$5,056 income − $9,385 expenses = $4,329 out of pocket
Investment Breakdown
|
Purchase Price
$1148k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$230k
Closing costs
1%
$11,479
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,056
Total Expenses
$9,385
Mortgage P&I
123%
$6,204
Property Taxes
21%
$1,042
Home Insurance
8%
$420
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556