This property looks like a bad Mid-Term investment with a projected -19.26% first-year return on $239k initial cash invested.
-19.26%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$4,860
Rent
-$3,827
Cashflow
Cash Flow
$4,860 income − $8,687 expenses = $3,827 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,860
Total Expenses
$8,687
Mortgage P&I
118%
$5,733
Property Taxes
19%
$909
Home Insurance
8%
$368
HOA
1%
$25
Property Management
12%
$583
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$535