This property looks like a bad Mid-Term investment with a projected -12.7% first-year return on $267k initial cash invested.
-12.7%
Cash On Cash
4.09%
Cap Rate
0.61
DSCR
$6,670
Rent
-$2,824
Cashflow
Cash Flow
$6,670 income − $9,494 expenses = $2,824 out of pocket
Investment Breakdown
|
Purchase Price
$1185k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$267k
Downpayment
20%
$237k
Closing costs
1%
$11,850
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,670
Total Expenses
$9,494
Mortgage P&I
99%
$6,600
Property Taxes
3%
$211
Home Insurance
6%
$415
HOA
0%
$0
Property Management
12%
$800
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$734