This property looks like a bad Mid-Term investment with a projected -16.66% first-year return on $256k initial cash invested.
-16.66%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$6,020
Rent
-$3,555
Cashflow
Cash Flow
$6,020 income − $9,575 expenses = $3,555 out of pocket
Investment Breakdown
|
Purchase Price
$1133k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$227k
Closing costs
1%
$11,333
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,020
Total Expenses
$9,575
Mortgage P&I
101%
$6,101
Property Taxes
17%
$1,025
Home Insurance
7%
$402
HOA
0%
$0
Property Management
12%
$722
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$662