This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $245k initial cash invested.
-2.31%
Cash On Cash
6.54%
Cap Rate
0.99
DSCR
$10,502
Rent
-$472
Cashflow
Cash Flow
$10,502 income − $10,974 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$1082k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$216k
Closing costs
1%
$10,824
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$10,502
Total Expenses
$10,974
Mortgage P&I
57%
$5,947
Property Taxes
10%
$1,072
Home Insurance
4%
$385
HOA
0%
$0
Property Management
12%
$1,260
CapEx
4%
$420
Vacancy
3%
$315
Maintenance
4%
$420
Other
11%
$1,155