This property looks like a bad Mid-Term investment with a projected -18.25% first-year return on $266k initial cash invested.
-18.25%
Cash On Cash
2.52%
Cap Rate
0.39
DSCR
$5,724
Rent
-$4,051
Cashflow
Cash Flow
$5,724 income − $9,775 expenses = $4,051 out of pocket
Investment Breakdown
|
Purchase Price
$1183k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$266k
Downpayment
20%
$237k
Closing costs
1%
$11,830
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,724
Total Expenses
$9,775
Mortgage P&I
110%
$6,305
Property Taxes
20%
$1,121
Home Insurance
7%
$402
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$630