This property looks like a bad Mid-Term investment with a projected -17.51% first-year return on $248k initial cash invested.
-17.51%
Cash On Cash
2.77%
Cap Rate
0.43
DSCR
$5,694
Rent
-$3,617
Cashflow
Cash Flow
$5,694 income − $9,311 expenses = $3,617 out of pocket
Investment Breakdown
|
Purchase Price
$1095k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$219k
Closing costs
1%
$10,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,694
Total Expenses
$9,311
Mortgage P&I
104%
$5,915
Property Taxes
19%
$1,077
Home Insurance
7%
$383
HOA
0%
$0
Property Management
12%
$683
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$626