This property looks like a bad Mid-Term investment with a projected -11.42% first-year return on $257k initial cash invested.
-11.42%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$8,034
Rent
-$2,441
Cashflow
Cash Flow
$8,034 income − $10,475 expenses = $2,441 out of pocket
Investment Breakdown
|
Purchase Price
$1136k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$257k
Downpayment
20%
$227k
Closing costs
1%
$11,359
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,034
Total Expenses
$10,475
Mortgage P&I
75%
$6,030
Property Taxes
16%
$1,264
Home Insurance
6%
$450
HOA
0%
$0
Property Management
12%
$964
CapEx
4%
$321
Vacancy
3%
$241
Maintenance
4%
$321
Other
11%
$884