This property looks like a bad Mid-Term investment with a projected -19.09% first-year return on $273k initial cash invested.
-19.09%
Cash On Cash
2.52%
Cap Rate
0.38
DSCR
$6,016
Rent
-$4,342
Cashflow
Cash Flow
$6,016 income − $10,358 expenses = $4,342 out of pocket
Investment Breakdown
|
Purchase Price
$1214k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$243k
Closing costs
1%
$12,142
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,016
Total Expenses
$10,358
Mortgage P&I
111%
$6,655
Property Taxes
20%
$1,219
Home Insurance
7%
$438
HOA
0%
$0
Property Management
12%
$722
CapEx
4%
$241
Vacancy
3%
$180
Maintenance
4%
$241
Other
11%
$662