This property looks like a bad Mid-Term investment with a projected -15.28% first-year return on $255k initial cash invested.
-15.28%
Cash On Cash
2.72%
Cap Rate
0.46
DSCR
$4,684
Rent
-$3,248
Cashflow
Cash Flow
$4,684 income − $7,932 expenses = $3,248 out of pocket
Investment Breakdown
|
Purchase Price
$1129k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$255k
Downpayment
20%
$226k
Closing costs
1%
$11,286
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,684
Total Expenses
$7,932
Mortgage P&I
120%
$5,618
Property Taxes
7%
$306
Home Insurance
9%
$416
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$141
Maintenance
4%
$187
Other
11%
$515