This property looks like a bad Mid-Term investment with a projected -13.09% first-year return on $248k initial cash invested.
-13.09%
Cash On Cash
3.77%
Cap Rate
0.59
DSCR
$6,927
Rent
-$2,705
Cashflow
Cash Flow
$6,927 income − $9,632 expenses = $2,705 out of pocket
Investment Breakdown
|
Purchase Price
$1095k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$219k
Closing costs
1%
$10,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,927
Total Expenses
$9,632
Mortgage P&I
85%
$5,872
Property Taxes
15%
$1,022
Home Insurance
6%
$383
HOA
0%
$0
Property Management
12%
$831
CapEx
4%
$277
Vacancy
3%
$208
Maintenance
4%
$277
Other
11%
$762