This property looks like a bad Mid-Term investment with a projected -15.91% first-year return on $236k initial cash invested.
-15.91%
Cash On Cash
2.77%
Cap Rate
0.45
DSCR
$5,408
Rent
-$3,124
Cashflow
Cash Flow
$5,408 income − $8,532 expenses = $3,124 out of pocket
Investment Breakdown
|
Purchase Price
$1036k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$207k
Closing costs
1%
$10,362
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,408
Total Expenses
$8,532
Mortgage P&I
98%
$5,302
Property Taxes
19%
$1,024
Home Insurance
7%
$368
HOA
0%
$0
Property Management
12%
$649
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$595