This property looks like a bad Mid-Term investment with a projected -21.1% first-year return on $252k initial cash invested.
-21.1%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$2,961
Rent
-$4,435
Cashflow
Cash Flow
$2,961 income − $7,396 expenses = $4,435 out of pocket
Investment Breakdown
|
Purchase Price
$1116k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$223k
Closing costs
1%
$11,155
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,961
Total Expenses
$7,396
Mortgage P&I
190%
$5,625
Property Taxes
12%
$363
Home Insurance
14%
$402
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326