This property looks like a bad Mid-Term investment with a projected -13.44% first-year return on $256k initial cash invested.
-13.44%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$7,018
Rent
-$2,870
Cashflow
Cash Flow
$7,018 income − $9,888 expenses = $2,870 out of pocket
Investment Breakdown
|
Purchase Price
$1134k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$227k
Closing costs
1%
$11,341
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,018
Total Expenses
$9,888
Mortgage P&I
89%
$6,215
Property Taxes
8%
$543
Home Insurance
6%
$437
HOA
4%
$306
Property Management
12%
$842
CapEx
4%
$281
Vacancy
3%
$211
Maintenance
4%
$281
Other
11%
$772