This property looks like a bad Mid-Term investment with a projected -17.89% first-year return on $265k initial cash invested.
-17.89%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$6,576
Rent
-$3,948
Cashflow
Cash Flow
$6,576 income − $10,524 expenses = $3,948 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,576
Total Expenses
$10,524
Mortgage P&I
97%
$6,370
Property Taxes
23%
$1,508
Home Insurance
6%
$411
HOA
0%
$0
Property Management
12%
$789
CapEx
4%
$263
Vacancy
3%
$197
Maintenance
4%
$263
Other
11%
$723