This property looks like a bad Mid-Term investment with a projected -10.86% first-year return on $237k initial cash invested.
-10.86%
Cash On Cash
3.93%
Cap Rate
0.64
DSCR
$6,384
Rent
-$2,141
Cashflow
Cash Flow
$6,384 income − $8,525 expenses = $2,141 out of pocket
Investment Breakdown
|
Purchase Price
$1041k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$237k
Downpayment
20%
$208k
Closing costs
1%
$10,412
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,384
Total Expenses
$8,525
Mortgage P&I
83%
$5,294
Property Taxes
11%
$697
Home Insurance
6%
$364
HOA
0%
$0
Property Management
12%
$766
CapEx
4%
$255
Vacancy
3%
$192
Maintenance
4%
$255
Other
11%
$702