This property looks like a bad Mid-Term investment with a projected -13.17% first-year return on $244k initial cash invested.
-13.17%
Cash On Cash
3.31%
Cap Rate
0.55
DSCR
$6,591
Rent
-$2,676
Cashflow
Cash Flow
$6,591 income − $9,267 expenses = $2,676 out of pocket
Investment Breakdown
|
Purchase Price
$1076k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$244k
Downpayment
20%
$215k
Closing costs
1%
$10,756
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,591
Total Expenses
$9,267
Mortgage P&I
82%
$5,382
Property Taxes
16%
$1,081
Home Insurance
6%
$385
HOA
3%
$177
Property Management
12%
$791
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$725