This property looks like a bad Mid-Term investment with a projected -8.77% first-year return on $268k initial cash invested.
-8.77%
Cash On Cash
4.32%
Cap Rate
0.72
DSCR
$6,930
Rent
-$1,956
Cashflow
Cash Flow
$6,930 income − $8,886 expenses = $1,956 out of pocket
Investment Breakdown
|
Purchase Price
$1189k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$238k
Closing costs
1%
$11,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,930
Total Expenses
$8,886
Mortgage P&I
86%
$5,964
Property Taxes
2%
$150
Home Insurance
6%
$416
HOA
0%
$0
Property Management
12%
$832
CapEx
4%
$277
Vacancy
3%
$208
Maintenance
4%
$277
Other
11%
$762