This property looks like a bad Mid-Term investment with a projected -23.75% first-year return on $272k initial cash invested.
-23.75%
Cash On Cash
1.59%
Cap Rate
0.23
DSCR
$3,846
Rent
-$5,382
Cashflow
Cash Flow
$3,846 income − $9,228 expenses = $5,382 out of pocket
Investment Breakdown
|
Purchase Price
$1209k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$272k
Downpayment
20%
$242k
Closing costs
1%
$12,090
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,846
Total Expenses
$9,228
Mortgage P&I
178%
$6,828
Property Taxes
17%
$654
Home Insurance
11%
$438
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423