This property looks like a bad Mid-Term investment with a projected -13.74% first-year return on $258k initial cash invested.
-13.74%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$7,190
Rent
-$2,949
Cashflow
Cash Flow
$7,190 income − $10,139 expenses = $2,949 out of pocket
Investment Breakdown
|
Purchase Price
$1141k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$228k
Closing costs
1%
$11,405
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,190
Total Expenses
$10,139
Mortgage P&I
87%
$6,279
Property Taxes
14%
$1,012
Home Insurance
6%
$402
HOA
0%
$0
Property Management
12%
$863
CapEx
4%
$288
Vacancy
3%
$216
Maintenance
4%
$288
Other
11%
$791