This property looks like a bad Mid-Term investment with a projected -13.52% first-year return on $261k initial cash invested.
-13.52%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$7,029
Rent
-$2,941
Cashflow
Cash Flow
$7,029 income − $9,970 expenses = $2,941 out of pocket
Investment Breakdown
|
Purchase Price
$1158k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$232k
Closing costs
1%
$11,575
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,029
Total Expenses
$9,970
Mortgage P&I
91%
$6,361
Property Taxes
12%
$872
Home Insurance
5%
$348
HOA
0%
$0
Property Management
12%
$843
CapEx
4%
$281
Vacancy
3%
$211
Maintenance
4%
$281
Other
11%
$773