This property looks like a bad Mid-Term investment with a projected -18.09% first-year return on $230k initial cash invested.
-18.09%
Cash On Cash
2.6%
Cap Rate
0.4
DSCR
$5,792
Rent
-$3,475
Cashflow
Cash Flow
$5,792 income − $9,267 expenses = $3,475 out of pocket
Investment Breakdown
|
Purchase Price
$1012k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$202k
Closing costs
1%
$10,119
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,792
Total Expenses
$9,267
Mortgage P&I
94%
$5,433
Property Taxes
26%
$1,519
Home Insurance
6%
$345
HOA
0%
$0
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637