This property looks like a bad Mid-Term investment with a projected -18.15% first-year return on $246k initial cash invested.
-18.15%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$5,094
Rent
-$3,729
Cashflow
Cash Flow
$5,094 income − $8,823 expenses = $3,729 out of pocket
Investment Breakdown
|
Purchase Price
$1088k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$218k
Closing costs
1%
$10,880
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,094
Total Expenses
$8,823
Mortgage P&I
111%
$5,640
Property Taxes
21%
$1,070
Home Insurance
7%
$381
HOA
0%
$0
Property Management
12%
$611
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$560