This property looks like a bad Mid-Term investment with a projected -11.7% first-year return on $259k initial cash invested.
-11.7%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$6,576
Rent
-$2,521
Cashflow
Cash Flow
$6,576 income − $9,097 expenses = $2,521 out of pocket
Investment Breakdown
|
Purchase Price
$1146k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$229k
Closing costs
1%
$11,459
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,576
Total Expenses
$9,097
Mortgage P&I
93%
$6,144
Property Taxes
5%
$350
Home Insurance
6%
$368
HOA
0%
$0
Property Management
12%
$789
CapEx
4%
$263
Vacancy
3%
$197
Maintenance
4%
$263
Other
11%
$723