This property looks like a bad Mid-Term investment with a projected -16.46% first-year return on $246k initial cash invested.
-16.46%
Cash On Cash
2.88%
Cap Rate
0.45
DSCR
$5,637
Rent
-$3,377
Cashflow
Cash Flow
$5,637 income − $9,014 expenses = $3,377 out of pocket
Investment Breakdown
|
Purchase Price
$1087k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$217k
Closing costs
1%
$10,868
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,637
Total Expenses
$9,014
Mortgage P&I
102%
$5,764
Property Taxes
17%
$933
Home Insurance
7%
$402
HOA
0%
$0
Property Management
12%
$676
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$620