This property looks like a bad Mid-Term investment with a projected -13.57% first-year return on $242k initial cash invested.
-13.57%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$6,038
Rent
-$2,737
Cashflow
Cash Flow
$6,038 income − $8,775 expenses = $2,737 out of pocket
Investment Breakdown
|
Purchase Price
$1067k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$213k
Closing costs
1%
$10,671
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,038
Total Expenses
$8,775
Mortgage P&I
90%
$5,431
Property Taxes
15%
$884
Home Insurance
6%
$385
HOA
0%
$21
Property Management
12%
$725
CapEx
4%
$242
Vacancy
3%
$181
Maintenance
4%
$242
Other
11%
$664