This property looks like a bad Mid-Term investment with a projected -17.14% first-year return on $247k initial cash invested.
-17.14%
Cash On Cash
2.74%
Cap Rate
0.43
DSCR
$5,620
Rent
-$3,523
Cashflow
Cash Flow
$5,620 income − $9,143 expenses = $3,523 out of pocket
Investment Breakdown
|
Purchase Price
$1089k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,888
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,620
Total Expenses
$9,143
Mortgage P&I
103%
$5,780
Property Taxes
19%
$1,071
Home Insurance
7%
$381
HOA
0%
$0
Property Management
12%
$674
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$618