This property looks like a bad Mid-Term investment with a projected -7.82% first-year return on $255k initial cash invested.
-7.82%
Cash On Cash
4.9%
Cap Rate
0.77
DSCR
$7,810
Rent
-$1,663
Cashflow
Cash Flow
$7,810 income − $9,473 expenses = $1,663 out of pocket
Investment Breakdown
|
Purchase Price
$1130k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$255k
Downpayment
20%
$226k
Closing costs
1%
$11,302
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,810
Total Expenses
$9,473
Mortgage P&I
76%
$5,968
Property Taxes
5%
$396
Home Insurance
6%
$455
HOA
0%
$0
Property Management
12%
$937
CapEx
4%
$312
Vacancy
3%
$234
Maintenance
4%
$312
Other
11%
$859