This property looks like a bad Mid-Term investment with a projected -20.46% first-year return on $269k initial cash invested.
-20.46%
Cash On Cash
2.21%
Cap Rate
0.34
DSCR
$5,637
Rent
-$4,586
Cashflow
Cash Flow
$5,637 income − $10,223 expenses = $4,586 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
$5,637
Total Expenses
$10,223
Mortgage P&I
116%
$6,565
Property Taxes
21%
$1,165
Home Insurance
7%
$418
HOA
3%
$160
Property Management
12%
$676
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$620