This property looks like a bad Mid-Term investment with a projected -12.01% first-year return on $235k initial cash invested.
-12.01%
Cash On Cash
4.15%
Cap Rate
0.64
DSCR
$7,815
Rent
-$2,354
Cashflow
Cash Flow
$7,815 income − $10,169 expenses = $2,354 out of pocket
Investment Breakdown
|
Purchase Price
$1035k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$207k
Closing costs
1%
$10,347
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,815
Total Expenses
$10,169
Mortgage P&I
72%
$5,619
Property Taxes
20%
$1,542
Home Insurance
4%
$350
HOA
0%
$0
Property Management
12%
$938
CapEx
4%
$313
Vacancy
3%
$234
Maintenance
4%
$313
Other
11%
$860