This property looks like a bad Mid-Term investment with a projected -12.66% first-year return on $256k initial cash invested.
-12.66%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$7,628
Rent
-$2,697
Cashflow
Cash Flow
$7,628 income − $10,325 expenses = $2,697 out of pocket
Investment Breakdown
|
Purchase Price
$1132k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$226k
Closing costs
1%
$11,320
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,628
Total Expenses
$10,325
Mortgage P&I
80%
$6,134
Property Taxes
16%
$1,202
Home Insurance
5%
$396
HOA
0%
$0
Property Management
12%
$915
CapEx
4%
$305
Vacancy
3%
$229
Maintenance
4%
$305
Other
11%
$839