This property looks like a bad Mid-Term investment with a projected -16.9% first-year return on $259k initial cash invested.
-16.9%
Cash On Cash
2.95%
Cap Rate
0.45
DSCR
$6,224
Rent
-$3,652
Cashflow
Cash Flow
$6,224 income − $9,876 expenses = $3,652 out of pocket
Investment Breakdown
|
Purchase Price
$1149k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$230k
Closing costs
1%
$11,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,224
Total Expenses
$9,876
Mortgage P&I
100%
$6,227
Property Taxes
18%
$1,130
Home Insurance
6%
$402
HOA
0%
$0
Property Management
12%
$747
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$685