This property looks like a bad Mid-Term investment with a projected -16.99% first-year return on $279k initial cash invested.
-16.99%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$6,684
Rent
-$3,943
Cashflow
Cash Flow
$6,684 income − $10,627 expenses = $3,943 out of pocket
Investment Breakdown
|
Purchase Price
$1241k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$279k
Downpayment
20%
$248k
Closing costs
1%
$12,405
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,684
Total Expenses
$10,627
Mortgage P&I
102%
$6,815
Property Taxes
17%
$1,103
Home Insurance
7%
$437
HOA
0%
$0
Property Management
12%
$802
CapEx
4%
$267
Vacancy
3%
$201
Maintenance
4%
$267
Other
11%
$735