This property looks like a bad Mid-Term investment with a projected -15.54% first-year return on $259k initial cash invested.
-15.54%
Cash On Cash
3.13%
Cap Rate
0.49
DSCR
$6,716
Rent
-$3,351
Cashflow
Cash Flow
$6,716 income − $10,067 expenses = $3,351 out of pocket
Investment Breakdown
|
Purchase Price
$1147k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$229k
Closing costs
1%
$11,467
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,716
Total Expenses
$10,067
Mortgage P&I
90%
$6,071
Property Taxes
17%
$1,169
Home Insurance
6%
$402
HOA
2%
$141
Property Management
12%
$806
CapEx
4%
$269
Vacancy
3%
$201
Maintenance
4%
$269
Other
11%
$739