This property looks like a bad Mid-Term investment with a projected -12.28% first-year return on $246k initial cash invested.
-12.28%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$7,270
Rent
-$2,519
Cashflow
Cash Flow
$7,270 income − $9,789 expenses = $2,519 out of pocket
Investment Breakdown
|
Purchase Price
$1086k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$217k
Closing costs
1%
$10,861
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,270
Total Expenses
$9,789
Mortgage P&I
82%
$5,967
Property Taxes
13%
$967
Home Insurance
5%
$383
HOA
0%
$0
Property Management
12%
$872
CapEx
4%
$291
Vacancy
3%
$218
Maintenance
4%
$291
Other
11%
$800