This property looks like a bad Mid-Term investment with a projected -13.44% first-year return on $265k initial cash invested.
-13.44%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$7,144
Rent
-$2,970
Cashflow
Cash Flow
$7,144 income − $10,114 expenses = $2,970 out of pocket
Investment Breakdown
|
Purchase Price
$1177k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,774
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,144
Total Expenses
$10,114
Mortgage P&I
91%
$6,518
Property Taxes
6%
$453
Home Insurance
6%
$420
HOA
4%
$294
Property Management
12%
$857
CapEx
4%
$286
Vacancy
3%
$214
Maintenance
4%
$286
Other
11%
$786