This property looks like a bad Mid-Term investment with a projected -15.07% first-year return on $249k initial cash invested.
-15.07%
Cash On Cash
3.32%
Cap Rate
0.52
DSCR
$6,486
Rent
-$3,122
Cashflow
Cash Flow
$6,486 income − $9,608 expenses = $3,122 out of pocket
Investment Breakdown
|
Purchase Price
$1098k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$10,980
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,486
Total Expenses
$9,608
Mortgage P&I
91%
$5,904
Property Taxes
17%
$1,116
Home Insurance
6%
$384
HOA
0%
$0
Property Management
12%
$778
CapEx
4%
$259
Vacancy
3%
$195
Maintenance
4%
$259
Other
11%
$713