This property looks like a bad Mid-Term investment with a projected -17.56% first-year return on $262k initial cash invested.
-17.56%
Cash On Cash
2.86%
Cap Rate
0.44
DSCR
$6,153
Rent
-$3,833
Cashflow
Cash Flow
$6,153 income − $9,986 expenses = $3,833 out of pocket
Investment Breakdown
|
Purchase Price
$1162k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$262k
Downpayment
20%
$232k
Closing costs
1%
$11,616
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,153
Total Expenses
$9,986
Mortgage P&I
103%
$6,354
Property Taxes
17%
$1,070
Home Insurance
7%
$420
HOA
1%
$50
Property Management
12%
$738
CapEx
4%
$246
Vacancy
3%
$185
Maintenance
4%
$246
Other
11%
$677