This property looks like a bad Mid-Term investment with a projected -17.96% first-year return on $259k initial cash invested.
-17.96%
Cash On Cash
2.91%
Cap Rate
0.43
DSCR
$6,414
Rent
-$3,875
Cashflow
Cash Flow
$6,414 income − $10,289 expenses = $3,875 out of pocket
Investment Breakdown
|
Purchase Price
$1147k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$229k
Closing costs
1%
$11,469
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,414
Total Expenses
$10,289
Mortgage P&I
100%
$6,395
Property Taxes
22%
$1,380
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$770
CapEx
4%
$257
Vacancy
3%
$192
Maintenance
4%
$257
Other
11%
$706