This property looks like a bad Mid-Term investment with a projected -27.56% first-year return on $265k initial cash invested.
-27.56%
Cash On Cash
-0.03%
Cap Rate
0
DSCR
$2,858
Rent
-$6,081
Cashflow
Cash Flow
$2,858 income − $8,939 expenses = $6,081 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,858
Total Expenses
$8,939
Mortgage P&I
208%
$5,941
Property Taxes
57%
$1,616
Home Insurance
14%
$411
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314