This property looks like a bad Mid-Term investment with a projected -15.32% first-year return on $256k initial cash invested.
-15.32%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$5,940
Rent
-$3,263
Cashflow
Cash Flow
$5,940 income − $9,203 expenses = $3,263 out of pocket
Investment Breakdown
|
Purchase Price
$1131k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$226k
Closing costs
1%
$11,311
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,940
Total Expenses
$9,203
Mortgage P&I
102%
$6,088
Property Taxes
11%
$640
Home Insurance
8%
$455
HOA
0%
$0
Property Management
12%
$713
CapEx
4%
$238
Vacancy
3%
$178
Maintenance
4%
$238
Other
11%
$653