This property looks like a bad Mid-Term investment with a projected -6.1% first-year return on $248k initial cash invested.
-6.1%
Cash On Cash
5.6%
Cap Rate
0.85
DSCR
$9,378
Rent
-$1,258
Cashflow
Cash Flow
$9,378 income − $10,636 expenses = $1,258 out of pocket
Investment Breakdown
|
Purchase Price
$1093k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$219k
Closing costs
1%
$10,932
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$9,378
Total Expenses
$10,636
Mortgage P&I
64%
$5,982
Property Taxes
12%
$1,081
Home Insurance
4%
$385
HOA
0%
$0
Property Management
12%
$1,125
CapEx
4%
$375
Vacancy
3%
$281
Maintenance
4%
$375
Other
11%
$1,032