This property looks like a bad Mid-Term investment with a projected -15.45% first-year return on $234k initial cash invested.
-15.45%
Cash On Cash
3.16%
Cap Rate
0.49
DSCR
$5,196
Rent
-$3,014
Cashflow
Cash Flow
$5,196 income − $8,210 expenses = $3,014 out of pocket
Investment Breakdown
|
Purchase Price
$1029k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,290
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,196
Total Expenses
$8,210
Mortgage P&I
106%
$5,516
Property Taxes
7%
$387
Home Insurance
7%
$360
HOA
3%
$179
Property Management
12%
$624
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$572