This property looks like a bad Mid-Term investment with a projected -28.31% first-year return on $247k initial cash invested.
-28.31%
Cash On Cash
0.17%
Cap Rate
0.03
DSCR
$3,708
Rent
-$5,834
Cashflow
Cash Flow
$3,708 income − $9,542 expenses = $5,834 out of pocket
Investment Breakdown
|
Purchase Price
$1092k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,920
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,708
Total Expenses
$9,542
Mortgage P&I
157%
$5,837
Property Taxes
55%
$2,043
Home Insurance
11%
$402
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408