This property looks like a bad Mid-Term investment with a projected -15.74% first-year return on $266k initial cash invested.
-15.74%
Cash On Cash
3.27%
Cap Rate
0.5
DSCR
$7,436
Rent
-$3,486
Cashflow
Cash Flow
$7,436 income − $10,922 expenses = $3,486 out of pocket
Investment Breakdown
|
Purchase Price
$1180k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$266k
Downpayment
20%
$236k
Closing costs
1%
$11,796
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,436
Total Expenses
$10,922
Mortgage P&I
86%
$6,403
Property Taxes
19%
$1,404
Home Insurance
7%
$488
HOA
1%
$100
Property Management
12%
$892
CapEx
4%
$297
Vacancy
3%
$223
Maintenance
4%
$297
Other
11%
$818