This property looks like a bad Mid-Term investment with a projected -14.14% first-year return on $261k initial cash invested.
-14.14%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$6,780
Rent
-$3,080
Cashflow
Cash Flow
$6,780 income − $9,860 expenses = $3,080 out of pocket
Investment Breakdown
|
Purchase Price
$1159k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$232k
Closing costs
1%
$11,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,780
Total Expenses
$9,860
Mortgage P&I
93%
$6,318
Property Taxes
12%
$831
Home Insurance
6%
$406
HOA
0%
$0
Property Management
12%
$814
CapEx
4%
$271
Vacancy
3%
$203
Maintenance
4%
$271
Other
11%
$746