This property looks like a bad Mid-Term investment with a projected -12.4% first-year return on $247k initial cash invested.
-12.4%
Cash On Cash
3.91%
Cap Rate
0.61
DSCR
$6,858
Rent
-$2,549
Cashflow
Cash Flow
$6,858 income − $9,407 expenses = $2,549 out of pocket
Investment Breakdown
|
Purchase Price
$1089k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,858
Total Expenses
$9,407
Mortgage P&I
85%
$5,824
Property Taxes
13%
$871
Home Insurance
6%
$381
HOA
0%
$0
Property Management
12%
$823
CapEx
4%
$274
Vacancy
3%
$206
Maintenance
4%
$274
Other
11%
$754