This property looks like a bad Mid-Term investment with a projected -16.72% first-year return on $245k initial cash invested.
-16.72%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$5,841
Rent
-$3,411
Cashflow
Cash Flow
$5,841 income − $9,252 expenses = $3,411 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%
$10,800
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,841
Total Expenses
$9,252
Mortgage P&I
100%
$5,834
Property Taxes
18%
$1,053
Home Insurance
6%
$378
HOA
0%
$0
Property Management
12%
$701
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$643