This property looks like a bad Mid-Term investment with a projected -16.23% first-year return on $254k initial cash invested.
-16.23%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$6,022
Rent
-$3,430
Cashflow
Cash Flow
$6,022 income − $9,452 expenses = $3,430 out of pocket
Investment Breakdown
|
Purchase Price
$1122k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$254k
Downpayment
20%
$224k
Closing costs
1%
$11,221
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,022
Total Expenses
$9,452
Mortgage P&I
99%
$5,986
Property Taxes
17%
$1,021
Home Insurance
7%
$397
HOA
0%
$0
Property Management
12%
$723
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$662