This property looks like a bad Mid-Term investment with a projected -17.19% first-year return on $242k initial cash invested.
-17.19%
Cash On Cash
2.42%
Cap Rate
0.4
DSCR
$4,860
Rent
-$3,464
Cashflow
Cash Flow
$4,860 income − $8,324 expenses = $3,464 out of pocket
Investment Breakdown
|
Purchase Price
$1066k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$213k
Closing costs
1%
$10,659
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,860
Total Expenses
$8,324
Mortgage P&I
112%
$5,423
Property Taxes
19%
$903
Home Insurance
7%
$346
HOA
0%
$0
Property Management
12%
$583
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$535