This property looks like a bad Mid-Term investment with a projected -17.91% first-year return on $269k initial cash invested.
-17.91%
Cash On Cash
2.21%
Cap Rate
0.37
DSCR
$4,995
Rent
-$4,017
Cashflow
Cash Flow
$4,995 income − $9,012 expenses = $4,017 out of pocket
Investment Breakdown
|
Purchase Price
$1196k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$269k
Downpayment
20%
$239k
Closing costs
1%
$11,960
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,995
Total Expenses
$9,012
Mortgage P&I
121%
$6,021
Property Taxes
18%
$874
Home Insurance
8%
$419
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549