This property looks like a bad Mid-Term investment with a projected -6.13% first-year return on $269k initial cash invested.
-6.13%
Cash On Cash
5.37%
Cap Rate
0.85
DSCR
$10,142
Rent
-$1,375
Cashflow
Cash Flow
$10,142 income − $11,517 expenses = $1,375 out of pocket
Investment Breakdown
|
Purchase Price
$1197k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$269k
Downpayment
20%
$239k
Closing costs
1%
$11,970
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$10,142
Total Expenses
$11,517
Mortgage P&I
62%
$6,321
Property Taxes
5%
$556
Home Insurance
6%
$558
HOA
6%
$633
Property Management
12%
$1,217
CapEx
4%
$406
Vacancy
3%
$304
Maintenance
4%
$406
Other
11%
$1,116