This property looks like a bad Mid-Term investment with a projected -12.24% first-year return on $246k initial cash invested.
-12.24%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$6,880
Rent
-$2,505
Cashflow
Cash Flow
$6,880 income − $9,385 expenses = $2,505 out of pocket
Investment Breakdown
|
Purchase Price
$1084k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$217k
Closing costs
1%
$10,837
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,880
Total Expenses
$9,385
Mortgage P&I
84%
$5,812
Property Taxes
13%
$902
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$826
CapEx
4%
$275
Vacancy
3%
$206
Maintenance
4%
$275
Other
11%
$757