This property looks like a bad Mid-Term investment with a projected -15.87% first-year return on $268k initial cash invested.
-15.87%
Cash On Cash
3.3%
Cap Rate
0.5
DSCR
$6,678
Rent
-$3,545
Cashflow
Cash Flow
$6,678 income − $10,223 expenses = $3,545 out of pocket
Investment Breakdown
|
Purchase Price
$1191k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$238k
Closing costs
1%
$11,908
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,678
Total Expenses
$10,223
Mortgage P&I
98%
$6,557
Property Taxes
15%
$1,028
Home Insurance
6%
$368
HOA
0%
$0
Property Management
12%
$801
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$735