This property looks like a bad Mid-Term investment with a projected -11.18% first-year return on $239k initial cash invested.
-11.18%
Cash On Cash
4.26%
Cap Rate
0.66
DSCR
$7,251
Rent
-$2,222
Cashflow
Cash Flow
$7,251 income − $9,473 expenses = $2,222 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,251
Total Expenses
$9,473
Mortgage P&I
78%
$5,659
Property Taxes
14%
$980
Home Insurance
5%
$368
HOA
0%
$0
Property Management
12%
$870
CapEx
4%
$290
Vacancy
3%
$218
Maintenance
4%
$290
Other
11%
$798