This property looks like a bad Mid-Term investment with a projected -18.58% first-year return on $231k initial cash invested.
-18.58%
Cash On Cash
2.62%
Cap Rate
0.4
DSCR
$5,110
Rent
-$3,577
Cashflow
Cash Flow
$5,110 income − $8,687 expenses = $3,577 out of pocket
Investment Breakdown
|
Purchase Price
$1015k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$203k
Closing costs
1%
$10,145
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,110
Total Expenses
$8,687
Mortgage P&I
109%
$5,584
Property Taxes
20%
$1,008
Home Insurance
7%
$359
HOA
0%
$0
Property Management
12%
$613
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$562