This property looks like a bad Mid-Term investment with a projected -14.07% first-year return on $258k initial cash invested.
-14.07%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$7,370
Rent
-$3,028
Cashflow
Cash Flow
$7,370 income − $10,398 expenses = $3,028 out of pocket
Investment Breakdown
|
Purchase Price
$1144k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$229k
Closing costs
1%
$11,439
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,370
Total Expenses
$10,398
Mortgage P&I
85%
$6,292
Property Taxes
16%
$1,180
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$884
CapEx
4%
$295
Vacancy
3%
$221
Maintenance
4%
$295
Other
11%
$811