This property looks like a bad Mid-Term investment with a projected -21.53% first-year return on $277k initial cash invested.
-21.53%
Cash On Cash
1.65%
Cap Rate
0.26
DSCR
$4,016
Rent
-$4,970
Cashflow
Cash Flow
$4,016 income − $8,986 expenses = $4,970 out of pocket
Investment Breakdown
|
Purchase Price
$1233k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$277k
Downpayment
20%
$247k
Closing costs
1%
$12,331
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,016
Total Expenses
$8,986
Mortgage P&I
162%
$6,502
Property Taxes
17%
$663
Home Insurance
11%
$455
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442