This property looks like a bad Mid-Term investment with a projected -14.7% first-year return on $255k initial cash invested.
-14.7%
Cash On Cash
3.31%
Cap Rate
0.52
DSCR
$6,225
Rent
-$3,124
Cashflow
Cash Flow
$6,225 income − $9,349 expenses = $3,124 out of pocket
Investment Breakdown
|
Purchase Price
$1129k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$255k
Downpayment
20%
$226k
Closing costs
1%
$11,285
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,225
Total Expenses
$9,349
Mortgage P&I
96%
$5,992
Property Taxes
14%
$897
Home Insurance
6%
$343
HOA
0%
$0
Property Management
12%
$747
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$685