This property looks like a bad Mid-Term investment with a projected -15.53% first-year return on $266k initial cash invested.
-15.53%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$8,040
Rent
-$3,442
Cashflow
Cash Flow
$8,040 income − $11,482 expenses = $3,442 out of pocket
Investment Breakdown
|
Purchase Price
$1181k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$266k
Downpayment
20%
$236k
Closing costs
1%
$11,810
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,040
Total Expenses
$11,482
Mortgage P&I
80%
$6,418
Property Taxes
24%
$1,912
Home Insurance
5%
$418
HOA
0%
$0
Property Management
12%
$965
CapEx
4%
$322
Vacancy
3%
$241
Maintenance
4%
$322
Other
11%
$884