This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $245k initial cash invested.
-7.4%
Cash On Cash
5.18%
Cap Rate
0.8
DSCR
$8,649
Rent
-$1,508
Cashflow
Cash Flow
$8,649 income − $10,157 expenses = $1,508 out of pocket
Investment Breakdown
|
Purchase Price
$1079k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$216k
Closing costs
1%
$10,794
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,649
Total Expenses
$10,157
Mortgage P&I
67%
$5,817
Property Taxes
12%
$1,032
Home Insurance
4%
$368
HOA
0%
$0
Property Management
12%
$1,038
CapEx
4%
$346
Vacancy
3%
$259
Maintenance
4%
$346
Other
11%
$951