This property looks like a bad Mid-Term investment with a projected -14.84% first-year return on $259k initial cash invested.
-14.84%
Cash On Cash
3.45%
Cap Rate
0.53
DSCR
$6,730
Rent
-$3,202
Cashflow
Cash Flow
$6,730 income − $9,932 expenses = $3,202 out of pocket
Investment Breakdown
|
Purchase Price
$1147k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$229k
Closing costs
1%
$11,473
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,730
Total Expenses
$9,932
Mortgage P&I
93%
$6,229
Property Taxes
14%
$928
Home Insurance
6%
$416
HOA
1%
$71
Property Management
12%
$808
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$740