This property looks like a bad Mid-Term investment with a projected -16.44% first-year return on $259k initial cash invested.
-16.44%
Cash On Cash
2.91%
Cap Rate
0.46
DSCR
$6,006
Rent
-$3,551
Cashflow
Cash Flow
$6,006 income − $9,557 expenses = $3,551 out of pocket
Investment Breakdown
|
Purchase Price
$1149k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$230k
Closing costs
1%
$11,488
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,006
Total Expenses
$9,557
Mortgage P&I
102%
$6,098
Property Taxes
17%
$1,015
Home Insurance
7%
$402
HOA
0%
$0
Property Management
12%
$721
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$661