This property looks like a bad Mid-Term investment with a projected -13.61% first-year return on $257k initial cash invested.
-13.61%
Cash On Cash
3.66%
Cap Rate
0.57
DSCR
$7,161
Rent
-$2,918
Cashflow
Cash Flow
$7,161 income − $10,079 expenses = $2,918 out of pocket
Investment Breakdown
|
Purchase Price
$1139k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$257k
Downpayment
20%
$228k
Closing costs
1%
$11,390
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,161
Total Expenses
$10,079
Mortgage P&I
85%
$6,108
Property Taxes
16%
$1,126
Home Insurance
6%
$411
HOA
0%
$0
Property Management
12%
$859
CapEx
4%
$286
Vacancy
3%
$215
Maintenance
4%
$286
Other
11%
$788