This property looks like a bad Mid-Term investment with a projected -15.56% first-year return on $241k initial cash invested.
-15.56%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$6,135
Rent
-$3,119
Cashflow
Cash Flow
$6,135 income − $9,254 expenses = $3,119 out of pocket
Investment Breakdown
|
Purchase Price
$1060k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$212k
Closing costs
1%
$10,600
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,135
Total Expenses
$9,254
Mortgage P&I
94%
$5,756
Property Taxes
17%
$1,042
Home Insurance
6%
$371
HOA
0%
$0
Property Management
12%
$736
CapEx
4%
$245
Vacancy
3%
$184
Maintenance
4%
$245
Other
11%
$675