This property looks like a bad Mid-Term investment with a projected -9.53% first-year return on $239k initial cash invested.
-9.53%
Cash On Cash
4.75%
Cap Rate
0.73
DSCR
$8,085
Rent
-$1,899
Cashflow
Cash Flow
$8,085 income − $9,984 expenses = $1,899 out of pocket
Investment Breakdown
|
Purchase Price
$1053k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$211k
Closing costs
1%
$10,526
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,085
Total Expenses
$9,984
Mortgage P&I
71%
$5,744
Property Taxes
15%
$1,247
Home Insurance
3%
$245
HOA
0%
$0
Property Management
12%
$970
CapEx
4%
$323
Vacancy
3%
$243
Maintenance
4%
$323
Other
11%
$889