This property looks like a bad Mid-Term investment with a projected -21.29% first-year return on $262k initial cash invested.
-21.29%
Cash On Cash
1.96%
Cap Rate
0.3
DSCR
$4,892
Rent
-$4,654
Cashflow
Cash Flow
$4,892 income − $9,546 expenses = $4,654 out of pocket
Investment Breakdown
|
Purchase Price
$1164k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$262k
Downpayment
20%
$233k
Closing costs
1%
$11,636
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,892
Total Expenses
$9,546
Mortgage P&I
130%
$6,355
Property Taxes
23%
$1,116
Home Insurance
8%
$411
HOA
0%
$0
Property Management
12%
$587
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$538