This property looks like a bad Mid-Term investment with a projected -13.4% first-year return on $254k initial cash invested.
-13.4%
Cash On Cash
3.71%
Cap Rate
0.58
DSCR
$7,102
Rent
-$2,833
Cashflow
Cash Flow
$7,102 income − $9,935 expenses = $2,833 out of pocket
Investment Breakdown
|
Purchase Price
$1123k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$254k
Downpayment
20%
$225k
Closing costs
1%
$11,228
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,102
Total Expenses
$9,935
Mortgage P&I
85%
$6,021
Property Taxes
16%
$1,106
Home Insurance
6%
$394
HOA
0%
$0
Property Management
12%
$852
CapEx
4%
$284
Vacancy
3%
$213
Maintenance
4%
$284
Other
11%
$781