This property looks like a bad Mid-Term investment with a projected -15.45% first-year return on $245k initial cash invested.
-15.45%
Cash On Cash
3.11%
Cap Rate
0.49
DSCR
$5,868
Rent
-$3,151
Cashflow
Cash Flow
$5,868 income − $9,019 expenses = $3,151 out of pocket
Investment Breakdown
|
Purchase Price
$1080k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$216k
Closing costs
1%
$10,798
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,868
Total Expenses
$9,019
Mortgage P&I
97%
$5,718
Property Taxes
16%
$922
Home Insurance
7%
$384
HOA
0%
$0
Property Management
12%
$704
CapEx
4%
$235
Vacancy
3%
$176
Maintenance
4%
$235
Other
11%
$645