This property looks like a bad Mid-Term investment with a projected -15.95% first-year return on $259k initial cash invested.
-15.95%
Cash On Cash
3.32%
Cap Rate
0.5
DSCR
$5,766
Rent
-$3,448
Cashflow
Cash Flow
$5,766 income − $9,214 expenses = $3,448 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$230k
Closing costs
1%
$11,498
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,766
Total Expenses
$9,214
Mortgage P&I
111%
$6,399
Property Taxes
7%
$403
Home Insurance
7%
$416
HOA
1%
$35
Property Management
12%
$692
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$634