This property looks like a bad Mid-Term investment with a projected -17.18% first-year return on $265k initial cash invested.
-17.18%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$5,540
Rent
-$3,800
Cashflow
Cash Flow
$5,540 income − $9,340 expenses = $3,800 out of pocket
Investment Breakdown
|
Purchase Price
$1178k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$236k
Closing costs
1%
$11,779
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,540
Total Expenses
$9,340
Mortgage P&I
119%
$6,601
Property Taxes
8%
$418
Home Insurance
8%
$437
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$609