This property looks like a bad Mid-Term investment with a projected -15.91% first-year return on $241k initial cash invested.
-15.91%
Cash On Cash
3.17%
Cap Rate
0.49
DSCR
$6,200
Rent
-$3,194
Cashflow
Cash Flow
$6,200 income − $9,394 expenses = $3,194 out of pocket
Investment Breakdown
|
Purchase Price
$1062k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$212k
Closing costs
1%
$10,617
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,200
Total Expenses
$9,394
Mortgage P&I
93%
$5,754
Property Taxes
18%
$1,130
Home Insurance
6%
$402
HOA
0%
$0
Property Management
12%
$744
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$682