This property looks like a bad Mid-Term investment with a projected -15.45% first-year return on $259k initial cash invested.
-15.45%
Cash On Cash
3.33%
Cap Rate
0.5
DSCR
$5,350
Rent
-$3,339
Cashflow
Cash Flow
$5,350 income − $8,689 expenses = $3,339 out of pocket
Investment Breakdown
|
Purchase Price
$1149k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$230k
Closing costs
1%
$11,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,350
Total Expenses
$8,689
Mortgage P&I
118%
$6,309
Property Taxes
2%
$80
Home Insurance
8%
$402
HOA
2%
$80
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588