This property looks like a bad Mid-Term investment with a projected -12.61% first-year return on $265k initial cash invested.
-12.61%
Cash On Cash
3.76%
Cap Rate
0.59
DSCR
$6,620
Rent
-$2,781
Cashflow
Cash Flow
$6,620 income − $9,401 expenses = $2,781 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,620
Total Expenses
$9,401
Mortgage P&I
94%
$6,202
Property Taxes
8%
$502
Home Insurance
6%
$411
HOA
1%
$35
Property Management
12%
$794
CapEx
4%
$265
Vacancy
3%
$199
Maintenance
4%
$265
Other
11%
$728