This property looks like a bad Mid-Term investment with a projected -12.71% first-year return on $261k initial cash invested.
-12.71%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$6,596
Rent
-$2,767
Cashflow
Cash Flow
$6,596 income − $9,363 expenses = $2,767 out of pocket
Investment Breakdown
|
Purchase Price
$1159k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$232k
Closing costs
1%
$11,586
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,596
Total Expenses
$9,363
Mortgage P&I
96%
$6,349
Property Taxes
5%
$352
Home Insurance
6%
$418
HOA
0%
$0
Property Management
12%
$792
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$726