This property looks like a bad Mid-Term investment with a projected -23.03% first-year return on $285k initial cash invested.
-23.03%
Cash On Cash
1.54%
Cap Rate
0.24
DSCR
$5,746
Rent
-$5,466
Cashflow
Cash Flow
$5,746 income − $11,212 expenses = $5,466 out of pocket
Investment Breakdown
|
Purchase Price
$1271k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$285k
Downpayment
20%
$254k
Closing costs
1%
$12,708
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,746
Total Expenses
$11,212
Mortgage P&I
120%
$6,871
Property Taxes
24%
$1,372
Home Insurance
18%
$1,015
HOA
0%
$0
Property Management
12%
$690
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$632