This property looks like a bad Mid-Term investment with a projected -14.72% first-year return on $264k initial cash invested.
-14.72%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$7,704
Rent
-$3,237
Cashflow
Cash Flow
$7,704 income − $10,941 expenses = $3,237 out of pocket
Investment Breakdown
|
Purchase Price
$1171k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$264k
Downpayment
20%
$234k
Closing costs
1%
$11,711
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,704
Total Expenses
$10,941
Mortgage P&I
81%
$6,260
Property Taxes
21%
$1,634
Home Insurance
6%
$429
HOA
0%
$0
Property Management
12%
$924
CapEx
4%
$308
Vacancy
3%
$231
Maintenance
4%
$308
Other
11%
$847