This property looks like a bad Mid-Term investment with a projected -11.79% first-year return on $256k initial cash invested.
-11.79%
Cash On Cash
3.97%
Cap Rate
0.63
DSCR
$6,909
Rent
-$2,517
Cashflow
Cash Flow
$6,909 income − $9,426 expenses = $2,517 out of pocket
Investment Breakdown
|
Purchase Price
$1134k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$227k
Closing costs
1%
$11,341
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,909
Total Expenses
$9,426
Mortgage P&I
87%
$5,989
Property Taxes
0%
$22
Home Insurance
7%
$488
HOA
8%
$579
Property Management
12%
$829
CapEx
4%
$276
Vacancy
3%
$207
Maintenance
4%
$276
Other
11%
$760