This property looks like a bad Mid-Term investment with a projected -22.49% first-year return on $266k initial cash invested.
-22.49%
Cash On Cash
1.76%
Cap Rate
0.26
DSCR
$3,651
Rent
-$4,981
Cashflow
Cash Flow
$3,651 income − $8,632 expenses = $4,981 out of pocket
Investment Breakdown
|
Purchase Price
$1180k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$266k
Downpayment
20%
$236k
Closing costs
1%
$11,801
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,651
Total Expenses
$8,632
Mortgage P&I
180%
$6,568
Property Taxes
11%
$390
Home Insurance
12%
$432
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402