This property looks like a bad Mid-Term investment with a projected -13.94% first-year return on $248k initial cash invested.
-13.94%
Cash On Cash
3.26%
Cap Rate
0.53
DSCR
$5,169
Rent
-$2,885
Cashflow
Cash Flow
$5,169 income − $8,054 expenses = $2,885 out of pocket
Investment Breakdown
|
Purchase Price
$1097k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$219k
Closing costs
1%
$10,970
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,169
Total Expenses
$8,054
Mortgage P&I
110%
$5,661
Property Taxes
5%
$251
Home Insurance
7%
$384
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569