This property looks like a bad Mid-Term investment with a projected -14.53% first-year return on $244k initial cash invested.
-14.53%
Cash On Cash
3.31%
Cap Rate
0.53
DSCR
$6,904
Rent
-$2,957
Cashflow
Cash Flow
$6,904 income − $9,861 expenses = $2,957 out of pocket
Investment Breakdown
|
Purchase Price
$1077k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$244k
Downpayment
20%
$215k
Closing costs
1%
$10,770
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,904
Total Expenses
$9,861
Mortgage P&I
82%
$5,649
Property Taxes
20%
$1,397
Home Insurance
6%
$394
HOA
1%
$75
Property Management
12%
$828
CapEx
4%
$276
Vacancy
3%
$207
Maintenance
4%
$276
Other
11%
$759