This property looks like a bad Mid-Term investment with a projected -13.03% first-year return on $257k initial cash invested.
-13.03%
Cash On Cash
3.38%
Cap Rate
0.56
DSCR
$6,105
Rent
-$2,786
Cashflow
Cash Flow
$6,105 income − $8,891 expenses = $2,786 out of pocket
Investment Breakdown
|
Purchase Price
$1136k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$257k
Downpayment
20%
$227k
Closing costs
1%
$11,359
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,105
Total Expenses
$8,891
Mortgage P&I
94%
$5,737
Property Taxes
12%
$728
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$733
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$672