This property looks like a bad Mid-Term investment with a projected -21.51% first-year return on $256k initial cash invested.
-21.51%
Cash On Cash
1.26%
Cap Rate
0.21
DSCR
$3,069
Rent
-$4,583
Cashflow
Cash Flow
$3,069 income − $7,652 expenses = $4,583 out of pocket
Investment Breakdown
|
Purchase Price
$1132k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$226k
Closing costs
1%
$11,319
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,069
Total Expenses
$7,652
Mortgage P&I
184%
$5,649
Property Taxes
16%
$504
Home Insurance
15%
$455
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338