This property looks like a bad Mid-Term investment with a projected -17.48% first-year return on $246k initial cash invested.
-17.48%
Cash On Cash
2.87%
Cap Rate
0.43
DSCR
$4,910
Rent
-$3,590
Cashflow
Cash Flow
$4,910 income − $8,500 expenses = $3,590 out of pocket
Investment Breakdown
|
Purchase Price
$1088k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$218k
Closing costs
1%
$10,878
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,910
Total Expenses
$8,500
Mortgage P&I
122%
$5,998
Property Taxes
5%
$228
Home Insurance
8%
$381
HOA
5%
$225
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540