This property looks like a bad Mid-Term investment with a projected -12.84% first-year return on $242k initial cash invested.
-12.84%
Cash On Cash
3.6%
Cap Rate
0.58
DSCR
$6,116
Rent
-$2,594
Cashflow
Cash Flow
$6,116 income − $8,710 expenses = $2,594 out of pocket
Investment Breakdown
|
Purchase Price
$1069k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$214k
Closing costs
1%
$10,686
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,116
Total Expenses
$8,710
Mortgage P&I
91%
$5,554
Property Taxes
11%
$691
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$734
CapEx
4%
$245
Vacancy
3%
$183
Maintenance
4%
$245
Other
11%
$673