This property looks like a bad Mid-Term investment with a projected -7.35% first-year return on $263k initial cash invested.
-7.35%
Cash On Cash
4.94%
Cap Rate
0.79
DSCR
$8,499
Rent
-$1,608
Cashflow
Cash Flow
$8,499 income − $10,107 expenses = $1,608 out of pocket
Investment Breakdown
|
Purchase Price
$1165k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$233k
Closing costs
1%
$11,650
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,499
Total Expenses
$10,107
Mortgage P&I
71%
$6,066
Property Taxes
8%
$660
Home Insurance
5%
$408
HOA
1%
$83
Property Management
12%
$1,020
CapEx
4%
$340
Vacancy
3%
$255
Maintenance
4%
$340
Other
11%
$935