This property looks like a bad Mid-Term investment with a projected -20.32% first-year return on $243k initial cash invested.
-20.32%
Cash On Cash
2.04%
Cap Rate
0.32
DSCR
$5,252
Rent
-$4,116
Cashflow
Cash Flow
$5,252 income − $9,368 expenses = $4,116 out of pocket
Investment Breakdown
|
Purchase Price
$1072k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$214k
Closing costs
1%
$10,720
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,252
Total Expenses
$9,368
Mortgage P&I
109%
$5,730
Property Taxes
29%
$1,544
Home Insurance
6%
$308
HOA
0%
$0
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$578