This property looks like a bad Mid-Term investment with a projected -13.68% first-year return on $248k initial cash invested.
-13.68%
Cash On Cash
3.6%
Cap Rate
0.56
DSCR
$6,136
Rent
-$2,829
Cashflow
Cash Flow
$6,136 income − $8,965 expenses = $2,829 out of pocket
Investment Breakdown
|
Purchase Price
$1096k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$219k
Closing costs
1%
$10,961
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,136
Total Expenses
$8,965
Mortgage P&I
96%
$5,870
Property Taxes
9%
$570
Home Insurance
6%
$390
HOA
1%
$50
Property Management
12%
$736
CapEx
4%
$245
Vacancy
3%
$184
Maintenance
4%
$245
Other
11%
$675