This property looks like a bad Mid-Term investment with a projected -14.44% first-year return on $263k initial cash invested.
-14.44%
Cash On Cash
3.55%
Cap Rate
0.55
DSCR
$7,202
Rent
-$3,166
Cashflow
Cash Flow
$7,202 income − $10,368 expenses = $3,166 out of pocket
Investment Breakdown
|
Purchase Price
$1168k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$234k
Closing costs
1%
$11,675
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,202
Total Expenses
$10,368
Mortgage P&I
88%
$6,327
Property Taxes
16%
$1,175
Home Insurance
6%
$418
HOA
0%
$0
Property Management
12%
$864
CapEx
4%
$288
Vacancy
3%
$216
Maintenance
4%
$288
Other
11%
$792