This property looks like a bad Mid-Term investment with a projected -14.68% first-year return on $252k initial cash invested.
-14.68%
Cash On Cash
3.18%
Cap Rate
0.51
DSCR
$5,366
Rent
-$3,081
Cashflow
Cash Flow
$5,366 income − $8,447 expenses = $3,081 out of pocket
Investment Breakdown
|
Purchase Price
$1113k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$223k
Closing costs
1%
$11,133
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,366
Total Expenses
$8,447
Mortgage P&I
108%
$5,813
Property Taxes
8%
$433
Home Insurance
7%
$376
HOA
0%
$0
Property Management
12%
$644
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$590