This property looks like a bad Mid-Term investment with a projected -12.55% first-year return on $256k initial cash invested.
-12.55%
Cash On Cash
3.85%
Cap Rate
0.6
DSCR
$7,290
Rent
-$2,673
Cashflow
Cash Flow
$7,290 income − $9,963 expenses = $2,673 out of pocket
Investment Breakdown
|
Purchase Price
$1131k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$226k
Closing costs
1%
$11,311
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,290
Total Expenses
$9,963
Mortgage P&I
82%
$6,006
Property Taxes
12%
$907
Home Insurance
5%
$350
HOA
3%
$220
Property Management
12%
$875
CapEx
4%
$292
Vacancy
3%
$219
Maintenance
4%
$292
Other
11%
$802