This property looks like a bad Mid-Term investment with a projected -18.15% first-year return on $246k initial cash invested.
-18.15%
Cash On Cash
2.99%
Cap Rate
0.44
DSCR
$6,086
Rent
-$3,716
Cashflow
Cash Flow
$6,086 income − $9,802 expenses = $3,716 out of pocket
Investment Breakdown
|
Purchase Price
$1084k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$217k
Closing costs
1%
$10,839
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,086
Total Expenses
$9,802
Mortgage P&I
101%
$6,177
Property Taxes
19%
$1,172
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$183
Maintenance
4%
$243
Other
11%
$669