This property looks like a bad Mid-Term investment with a projected -17.26% first-year return on $245k initial cash invested.
-17.26%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$5,628
Rent
-$3,520
Cashflow
Cash Flow
$5,628 income − $9,148 expenses = $3,520 out of pocket
Investment Breakdown
|
Purchase Price
$1080k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$216k
Closing costs
1%
$10,795
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,628
Total Expenses
$9,148
Mortgage P&I
104%
$5,878
Property Taxes
17%
$972
Home Insurance
7%
$385
HOA
0%
$0
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$619