This property looks like a bad Mid-Term investment with a projected -7.26% first-year return on $271k initial cash invested.
-7.26%
Cash On Cash
4.72%
Cap Rate
0.79
DSCR
$8,756
Rent
-$1,641
Cashflow
Cash Flow
$8,756 income − $10,397 expenses = $1,641 out of pocket
Investment Breakdown
|
Purchase Price
$1206k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$271k
Downpayment
20%
$241k
Closing costs
1%
$12,058
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,756
Total Expenses
$10,397
Mortgage P&I
69%
$6,034
Property Taxes
11%
$948
Home Insurance
5%
$438
HOA
0%
$0
Property Management
12%
$1,051
CapEx
4%
$350
Vacancy
3%
$263
Maintenance
4%
$350
Other
11%
$963