This property looks like a bad Mid-Term investment with a projected -11% first-year return on $260k initial cash invested.
-11%
Cash On Cash
4.22%
Cap Rate
0.66
DSCR
$7,005
Rent
-$2,379
Cashflow
Cash Flow
$7,005 income − $9,384 expenses = $2,379 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,005
Total Expenses
$9,384
Mortgage P&I
88%
$6,140
Property Taxes
7%
$460
Home Insurance
6%
$402
HOA
0%
$0
Property Management
12%
$841
CapEx
4%
$280
Vacancy
3%
$210
Maintenance
4%
$280
Other
11%
$771