This property looks like a bad Mid-Term investment with a projected -15.71% first-year return on $253k initial cash invested.
-15.71%
Cash On Cash
2.68%
Cap Rate
0.45
DSCR
$5,234
Rent
-$3,310
Cashflow
Cash Flow
$5,234 income − $8,544 expenses = $3,310 out of pocket
Investment Breakdown
|
Purchase Price
$1119k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$253k
Downpayment
20%
$224k
Closing costs
1%
$11,186
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,234
Total Expenses
$8,544
Mortgage P&I
107%
$5,598
Property Taxes
15%
$761
Home Insurance
8%
$406
HOA
0%
$0
Property Management
12%
$628
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$576