This property looks like a bad Mid-Term investment with a projected -15.92% first-year return on $265k initial cash invested.
-15.92%
Cash On Cash
3.01%
Cap Rate
0.48
DSCR
$6,340
Rent
-$3,521
Cashflow
Cash Flow
$6,340 income − $9,861 expenses = $3,521 out of pocket
Investment Breakdown
|
Purchase Price
$1178k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$236k
Closing costs
1%
$11,784
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,340
Total Expenses
$9,861
Mortgage P&I
98%
$6,226
Property Taxes
17%
$1,059
Home Insurance
7%
$420
HOA
0%
$0
Property Management
12%
$761
CapEx
4%
$254
Vacancy
3%
$190
Maintenance
4%
$254
Other
11%
$697