This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $256k initial cash invested.
-5.31%
Cash On Cash
5.95%
Cap Rate
0.89
DSCR
$10,809
Rent
-$1,131
Cashflow
Cash Flow
$10,809 income − $11,940 expenses = $1,131 out of pocket
Investment Breakdown
|
Purchase Price
$1131k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$226k
Closing costs
1%
$11,314
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$10,809
Total Expenses
$11,940
Mortgage P&I
58%
$6,313
Property Taxes
13%
$1,401
Home Insurance
4%
$402
HOA
1%
$150
Property Management
12%
$1,297
CapEx
4%
$432
Vacancy
3%
$324
Maintenance
4%
$432
Other
11%
$1,189