This property looks like a bad Mid-Term investment with a projected -19.03% first-year return on $266k initial cash invested.
-19.03%
Cash On Cash
2.25%
Cap Rate
0.36
DSCR
$5,028
Rent
-$4,222
Cashflow
Cash Flow
$5,028 income − $9,250 expenses = $4,222 out of pocket
Investment Breakdown
|
Purchase Price
$1182k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$266k
Downpayment
20%
$236k
Closing costs
1%
$11,818
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,028
Total Expenses
$9,250
Mortgage P&I
124%
$6,237
Property Taxes
13%
$649
Home Insurance
9%
$438
HOA
4%
$217
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553