This property looks like a bad Mid-Term investment with a projected -11.06% first-year return on $258k initial cash invested.
-11.06%
Cash On Cash
4.07%
Cap Rate
0.64
DSCR
$7,089
Rent
-$2,376
Cashflow
Cash Flow
$7,089 income − $9,465 expenses = $2,376 out of pocket
Investment Breakdown
|
Purchase Price
$1113k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$223k
Closing costs
1%
$11,129
Rehab
0%
$0
Furnishing
2%
$24,000
Cashflow
Total Income
$7,089
Total Expenses
$9,465
Mortgage P&I
83%
$5,865
Property Taxes
11%
$798
Home Insurance
6%
$390
HOA
0%
$0
Property Management
12%
$851
CapEx
4%
$284
Vacancy
3%
$213
Maintenance
4%
$284
Other
11%
$780