This property looks like a bad Mid-Term investment with a projected -16.38% first-year return on $239k initial cash invested.
-16.38%
Cash On Cash
3.12%
Cap Rate
0.47
DSCR
$5,829
Rent
-$3,267
Cashflow
Cash Flow
$5,829 income − $9,096 expenses = $3,267 out of pocket
Investment Breakdown
|
Purchase Price
$1054k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$211k
Closing costs
1%
$10,541
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,829
Total Expenses
$9,096
Mortgage P&I
99%
$5,773
Property Taxes
14%
$787
Home Insurance
7%
$385
HOA
3%
$170
Property Management
12%
$699
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$641