This property looks like a bad Mid-Term investment with a projected -14.21% first-year return on $247k initial cash invested.
-14.21%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$6,699
Rent
-$2,929
Cashflow
Cash Flow
$6,699 income − $9,628 expenses = $2,929 out of pocket
Investment Breakdown
|
Purchase Price
$1092k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,922
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,699
Total Expenses
$9,628
Mortgage P&I
89%
$5,953
Property Taxes
15%
$1,003
Home Insurance
6%
$394
HOA
0%
$0
Property Management
12%
$804
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$737