This property looks like a bad Mid-Term investment with a projected -14.99% first-year return on $258k initial cash invested.
-14.99%
Cash On Cash
3.26%
Cap Rate
0.51
DSCR
$6,459
Rent
-$3,223
Cashflow
Cash Flow
$6,459 income − $9,682 expenses = $3,223 out of pocket
Investment Breakdown
|
Purchase Price
$1143k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$229k
Closing costs
1%
$11,433
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,459
Total Expenses
$9,682
Mortgage P&I
94%
$6,069
Property Taxes
16%
$1,016
Home Insurance
6%
$402
HOA
0%
$0
Property Management
12%
$775
CapEx
4%
$258
Vacancy
3%
$194
Maintenance
4%
$258
Other
11%
$710