This property looks like a bad Mid-Term investment with a projected -13.07% first-year return on $242k initial cash invested.
-13.07%
Cash On Cash
3.66%
Cap Rate
0.58
DSCR
$6,873
Rent
-$2,631
Cashflow
Cash Flow
$6,873 income − $9,504 expenses = $2,631 out of pocket
Investment Breakdown
|
Purchase Price
$1065k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$213k
Closing costs
1%
$10,648
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,873
Total Expenses
$9,504
Mortgage P&I
82%
$5,607
Property Taxes
17%
$1,159
Home Insurance
5%
$368
HOA
0%
$33
Property Management
12%
$825
CapEx
4%
$275
Vacancy
3%
$206
Maintenance
4%
$275
Other
11%
$756