This property looks like a bad Mid-Term investment with a projected -17.59% first-year return on $257k initial cash invested.
-17.59%
Cash On Cash
2.89%
Cap Rate
0.44
DSCR
$6,476
Rent
-$3,771
Cashflow
Cash Flow
$6,476 income − $10,247 expenses = $3,771 out of pocket
Investment Breakdown
|
Purchase Price
$1139k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$257k
Downpayment
20%
$228k
Closing costs
1%
$11,393
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,476
Total Expenses
$10,247
Mortgage P&I
97%
$6,252
Property Taxes
20%
$1,305
Home Insurance
8%
$489
HOA
0%
$0
Property Management
12%
$777
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$712