This property looks like a bad Mid-Term investment with a projected -12.97% first-year return on $244k initial cash invested.
-12.97%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$7,520
Rent
-$2,640
Cashflow
Cash Flow
$7,520 income − $10,160 expenses = $2,640 out of pocket
Investment Breakdown
|
Purchase Price
$1078k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$244k
Downpayment
20%
$216k
Closing costs
1%
$10,777
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,520
Total Expenses
$10,160
Mortgage P&I
79%
$5,928
Property Taxes
16%
$1,210
Home Insurance
5%
$393
HOA
1%
$72
Property Management
12%
$902
CapEx
4%
$301
Vacancy
3%
$226
Maintenance
4%
$301
Other
11%
$827