This property looks like a bad Mid-Term investment with a projected -16.48% first-year return on $265k initial cash invested.
-16.48%
Cash On Cash
2.89%
Cap Rate
0.46
DSCR
$6,453
Rent
-$3,637
Cashflow
Cash Flow
$6,453 income − $10,090 expenses = $3,637 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,453
Total Expenses
$10,090
Mortgage P&I
96%
$6,205
Property Taxes
20%
$1,280
Home Insurance
6%
$411
HOA
0%
$0
Property Management
12%
$774
CapEx
4%
$258
Vacancy
3%
$194
Maintenance
4%
$258
Other
11%
$710