This property looks like a bad Mid-Term investment with a projected -19.45% first-year return on $266k initial cash invested.
-19.45%
Cash On Cash
2.51%
Cap Rate
0.38
DSCR
$6,342
Rent
-$4,308
Cashflow
Cash Flow
$6,342 income − $10,650 expenses = $4,308 out of pocket
Investment Breakdown
|
Purchase Price
$1180k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$266k
Downpayment
20%
$236k
Closing costs
1%
$11,798
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,342
Total Expenses
$10,650
Mortgage P&I
103%
$6,525
Property Taxes
26%
$1,618
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$761
CapEx
4%
$254
Vacancy
3%
$190
Maintenance
4%
$254
Other
11%
$698