This property looks like a bad Mid-Term investment with a projected -13.64% first-year return on $242k initial cash invested.
-13.64%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$7,120
Rent
-$2,746
Cashflow
Cash Flow
$7,120 income − $9,866 expenses = $2,746 out of pocket
Investment Breakdown
|
Purchase Price
$1065k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$213k
Closing costs
1%
$10,650
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,120
Total Expenses
$9,866
Mortgage P&I
82%
$5,819
Property Taxes
17%
$1,188
Home Insurance
6%
$438
HOA
0%
$0
Property Management
12%
$854
CapEx
4%
$285
Vacancy
3%
$214
Maintenance
4%
$285
Other
11%
$783