This property looks like a bad Mid-Term investment with a projected -10.86% first-year return on $264k initial cash invested.
-10.86%
Cash On Cash
4.08%
Cap Rate
0.66
DSCR
$7,872
Rent
-$2,387
Cashflow
Cash Flow
$7,872 income − $10,259 expenses = $2,387 out of pocket
Investment Breakdown
|
Purchase Price
$1171k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$264k
Downpayment
20%
$234k
Closing costs
1%
$11,706
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,872
Total Expenses
$10,259
Mortgage P&I
77%
$6,049
Property Taxes
14%
$1,131
Home Insurance
5%
$402
HOA
0%
$0
Property Management
12%
$945
CapEx
4%
$315
Vacancy
3%
$236
Maintenance
4%
$315
Other
11%
$866