This property looks like a bad Mid-Term investment with a projected -10.87% first-year return on $265k initial cash invested.
-10.87%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$8,535
Rent
-$2,399
Cashflow
Cash Flow
$8,535 income − $10,934 expenses = $2,399 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,535
Total Expenses
$10,934
Mortgage P&I
76%
$6,467
Property Taxes
14%
$1,155
Home Insurance
5%
$411
HOA
0%
$0
Property Management
12%
$1,024
CapEx
4%
$341
Vacancy
3%
$256
Maintenance
4%
$341
Other
11%
$939