This property looks like a bad Mid-Term investment with a projected -15.38% first-year return on $268k initial cash invested.
-15.38%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$6,939
Rent
-$3,435
Cashflow
Cash Flow
$6,939 income − $10,374 expenses = $3,435 out of pocket
Investment Breakdown
|
Purchase Price
$1190k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$238k
Closing costs
1%
$11,902
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,939
Total Expenses
$10,374
Mortgage P&I
92%
$6,414
Property Taxes
17%
$1,180
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$833
CapEx
4%
$278
Vacancy
3%
$208
Maintenance
4%
$278
Other
11%
$763