This property looks like a bad Mid-Term investment with a projected -3.87% first-year return on $268k initial cash invested.
-3.87%
Cash On Cash
6.45%
Cap Rate
0.94
DSCR
$10,719
Rent
-$864
Cashflow
Cash Flow
$10,719 income − $11,583 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$1191k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$238k
Closing costs
1%
$11,908
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$10,719
Total Expenses
$11,583
Mortgage P&I
64%
$6,837
Property Taxes
6%
$663
Home Insurance
4%
$438
HOA
0%
$0
Property Management
12%
$1,286
CapEx
4%
$429
Vacancy
3%
$322
Maintenance
4%
$429
Other
11%
$1,179