This property looks like a bad Mid-Term investment with a projected -21.82% first-year return on $266k initial cash invested.
-21.82%
Cash On Cash
1.86%
Cap Rate
0.28
DSCR
$4,932
Rent
-$4,829
Cashflow
Cash Flow
$4,932 income − $9,761 expenses = $4,829 out of pocket
Investment Breakdown
|
Purchase Price
$1179k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$266k
Downpayment
20%
$236k
Closing costs
1%
$11,788
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,932
Total Expenses
$9,761
Mortgage P&I
131%
$6,461
Property Taxes
24%
$1,194
Home Insurance
9%
$429
HOA
0%
$0
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$543