This property looks like a bad Mid-Term investment with a projected -15.95% first-year return on $247k initial cash invested.
-15.95%
Cash On Cash
2.91%
Cap Rate
0.46
DSCR
$5,859
Rent
-$3,278
Cashflow
Cash Flow
$5,859 income − $9,137 expenses = $3,278 out of pocket
Investment Breakdown
|
Purchase Price
$1089k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,885
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,859
Total Expenses
$9,137
Mortgage P&I
97%
$5,682
Property Taxes
18%
$1,080
Home Insurance
7%
$384
HOA
0%
$0
Property Management
12%
$703
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644