This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $256k initial cash invested.
-4.43%
Cash On Cash
5.95%
Cap Rate
0.91
DSCR
$10,338
Rent
-$944
Cashflow
Cash Flow
$10,338 income − $11,282 expenses = $944 out of pocket
Investment Breakdown
|
Purchase Price
$1133k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$227k
Closing costs
1%
$11,332
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$10,338
Total Expenses
$11,282
Mortgage P&I
60%
$6,153
Property Taxes
11%
$1,097
Home Insurance
4%
$394
HOA
1%
$122
Property Management
12%
$1,241
CapEx
4%
$414
Vacancy
3%
$310
Maintenance
4%
$414
Other
11%
$1,137