This property looks like a bad Mid-Term investment with a projected -19.85% first-year return on $267k initial cash invested.
-19.85%
Cash On Cash
2.11%
Cap Rate
0.33
DSCR
$4,358
Rent
-$4,422
Cashflow
Cash Flow
$4,358 income − $8,780 expenses = $4,422 out of pocket
Investment Breakdown
|
Purchase Price
$1187k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$267k
Downpayment
20%
$237k
Closing costs
1%
$11,870
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,358
Total Expenses
$8,780
Mortgage P&I
145%
$6,337
Property Taxes
12%
$524
Home Insurance
10%
$438
HOA
0%
$0
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479