This property looks like a bad Mid-Term investment with a projected -11.79% first-year return on $268k initial cash invested.
-11.79%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$7,552
Rent
-$2,629
Cashflow
Cash Flow
$7,552 income − $10,181 expenses = $2,629 out of pocket
Investment Breakdown
|
Purchase Price
$1189k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$238k
Closing costs
1%
$11,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,552
Total Expenses
$10,181
Mortgage P&I
87%
$6,593
Property Taxes
8%
$575
Home Insurance
6%
$416
HOA
0%
$29
Property Management
12%
$906
CapEx
4%
$302
Vacancy
3%
$227
Maintenance
4%
$302
Other
11%
$831