This property looks like a bad Mid-Term investment with a projected -17.74% first-year return on $243k initial cash invested.
-17.74%
Cash On Cash
2.27%
Cap Rate
0.38
DSCR
$6,112
Rent
-$3,591
Cashflow
Cash Flow
$6,112 income − $9,703 expenses = $3,591 out of pocket
Investment Breakdown
|
Purchase Price
$1071k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$214k
Closing costs
1%
$10,713
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,112
Total Expenses
$9,703
Mortgage P&I
88%
$5,373
Property Taxes
26%
$1,565
Home Insurance
8%
$481
HOA
3%
$208
Property Management
12%
$733
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$672