This property looks like a bad Mid-Term investment with a projected -17.1% first-year return on $269k initial cash invested.
-17.1%
Cash On Cash
3.07%
Cap Rate
0.46
DSCR
$5,322
Rent
-$3,832
Cashflow
Cash Flow
$5,322 income − $9,154 expenses = $3,832 out of pocket
Investment Breakdown
|
Purchase Price
$1195k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$269k
Downpayment
20%
$239k
Closing costs
1%
$11,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,322
Total Expenses
$9,154
Mortgage P&I
125%
$6,673
Property Taxes
2%
$86
Home Insurance
8%
$418
HOA
3%
$167
Property Management
12%
$639
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$585