This property looks like a bad Mid-Term investment with a projected -10.73% first-year return on $245k initial cash invested.
-10.73%
Cash On Cash
3.99%
Cap Rate
0.65
DSCR
$7,428
Rent
-$2,186
Cashflow
Cash Flow
$7,428 income − $9,614 expenses = $2,186 out of pocket
Investment Breakdown
|
Purchase Price
$1079k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$216k
Closing costs
1%
$10,788
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,428
Total Expenses
$9,614
Mortgage P&I
74%
$5,475
Property Taxes
17%
$1,229
Home Insurance
5%
$385
HOA
0%
$0
Property Management
12%
$891
CapEx
4%
$297
Vacancy
3%
$223
Maintenance
4%
$297
Other
11%
$817