This property looks like a bad Mid-Term investment with a projected -16.74% first-year return on $261k initial cash invested.
-16.74%
Cash On Cash
3.06%
Cap Rate
0.47
DSCR
$6,850
Rent
-$3,641
Cashflow
Cash Flow
$6,850 income − $10,491 expenses = $3,641 out of pocket
Investment Breakdown
|
Purchase Price
$1157k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$231k
Closing costs
1%
$11,574
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,850
Total Expenses
$10,491
Mortgage P&I
92%
$6,319
Property Taxes
23%
$1,562
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$822
CapEx
4%
$274
Vacancy
3%
$206
Maintenance
4%
$274
Other
11%
$754