This property looks like a bad Mid-Term investment with a projected -12.4% first-year return on $245k initial cash invested.
-12.4%
Cash On Cash
3.84%
Cap Rate
0.6
DSCR
$6,588
Rent
-$2,528
Cashflow
Cash Flow
$6,588 income − $9,116 expenses = $2,528 out of pocket
Investment Breakdown
|
Purchase Price
$1080k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$216k
Closing costs
1%
$10,796
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,588
Total Expenses
$9,116
Mortgage P&I
87%
$5,716
Property Taxes
13%
$848
Home Insurance
5%
$310
HOA
0%
$0
Property Management
12%
$791
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$725