This property looks like a bad Mid-Term investment with a projected -13.56% first-year return on $234k initial cash invested.
-13.56%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$7,652
Rent
-$2,644
Cashflow
Cash Flow
$7,652 income − $10,296 expenses = $2,644 out of pocket
Investment Breakdown
|
Purchase Price
$1028k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,284
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,652
Total Expenses
$10,296
Mortgage P&I
74%
$5,686
Property Taxes
18%
$1,355
Home Insurance
5%
$363
HOA
4%
$290
Property Management
12%
$918
CapEx
4%
$306
Vacancy
3%
$230
Maintenance
4%
$306
Other
11%
$842