This property looks like a bad Mid-Term investment with a projected -15.62% first-year return on $231k initial cash invested.
-15.62%
Cash On Cash
2.7%
Cap Rate
0.45
DSCR
$4,588
Rent
-$3,002
Cashflow
Cash Flow
$4,588 income − $7,590 expenses = $3,002 out of pocket
Investment Breakdown
|
Purchase Price
$1012k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$202k
Closing costs
1%
$10,124
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,588
Total Expenses
$7,590
Mortgage P&I
111%
$5,098
Property Taxes
12%
$568
Home Insurance
8%
$362
HOA
0%
$0
Property Management
12%
$551
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$505