This property looks like a bad Mid-Term investment with a projected -14.03% first-year return on $238k initial cash invested.
-14.03%
Cash On Cash
3.6%
Cap Rate
0.56
DSCR
$6,652
Rent
-$2,784
Cashflow
Cash Flow
$6,652 income − $9,436 expenses = $2,784 out of pocket
Investment Breakdown
|
Purchase Price
$1048k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$238k
Downpayment
20%
$210k
Closing costs
1%
$10,478
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,652
Total Expenses
$9,436
Mortgage P&I
85%
$5,660
Property Taxes
15%
$967
Home Insurance
6%
$383
HOA
2%
$164
Property Management
12%
$798
CapEx
4%
$266
Vacancy
3%
$200
Maintenance
4%
$266
Other
11%
$732