This property looks like a bad Mid-Term investment with a projected -5.64% first-year return on $267k initial cash invested.
-5.64%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$10,329
Rent
-$1,253
Cashflow
Cash Flow
$10,329 income − $11,582 expenses = $1,253 out of pocket
Investment Breakdown
|
Purchase Price
$1184k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$267k
Downpayment
20%
$237k
Closing costs
1%
$11,839
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$10,329
Total Expenses
$11,582
Mortgage P&I
63%
$6,478
Property Taxes
11%
$1,175
Home Insurance
4%
$418
HOA
0%
$0
Property Management
12%
$1,239
CapEx
4%
$413
Vacancy
3%
$310
Maintenance
4%
$413
Other
11%
$1,136