This property looks like a bad Mid-Term investment with a projected -12.83% first-year return on $269k initial cash invested.
-12.83%
Cash On Cash
3.79%
Cap Rate
0.59
DSCR
$6,742
Rent
-$2,871
Cashflow
Cash Flow
$6,742 income − $9,613 expenses = $2,871 out of pocket
Investment Breakdown
|
Purchase Price
$1193k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$269k
Downpayment
20%
$239k
Closing costs
1%
$11,929
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,742
Total Expenses
$9,613
Mortgage P&I
94%
$6,369
Property Taxes
8%
$513
Home Insurance
7%
$438
HOA
0%
$0
Property Management
12%
$809
CapEx
4%
$270
Vacancy
3%
$202
Maintenance
4%
$270
Other
11%
$742