This property looks like a bad Mid-Term investment with a projected -16.81% first-year return on $274k initial cash invested.
-16.81%
Cash On Cash
2.44%
Cap Rate
0.41
DSCR
$5,992
Rent
-$3,836
Cashflow
Cash Flow
$5,992 income − $9,828 expenses = $3,836 out of pocket
Investment Breakdown
|
Purchase Price
$1218k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$274k
Downpayment
20%
$244k
Closing costs
1%
$12,184
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,992
Total Expenses
$9,828
Mortgage P&I
101%
$6,070
Property Taxes
21%
$1,265
Home Insurance
8%
$455
HOA
0%
$0
Property Management
12%
$719
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$659