This property looks like a bad Mid-Term investment with a projected -16.64% first-year return on $253k initial cash invested.
-16.64%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$6,156
Rent
-$3,507
Cashflow
Cash Flow
$6,156 income − $9,663 expenses = $3,507 out of pocket
Investment Breakdown
|
Purchase Price
$1119k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$253k
Downpayment
20%
$224k
Closing costs
1%
$11,186
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,156
Total Expenses
$9,663
Mortgage P&I
99%
$6,121
Property Taxes
17%
$1,038
Home Insurance
7%
$411
HOA
0%
$0
Property Management
12%
$739
CapEx
4%
$246
Vacancy
3%
$185
Maintenance
4%
$246
Other
11%
$677