This property looks like a bad Mid-Term investment with a projected -16.32% first-year return on $236k initial cash invested.
-16.32%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$5,796
Rent
-$3,207
Cashflow
Cash Flow
$5,796 income − $9,003 expenses = $3,207 out of pocket
Investment Breakdown
|
Purchase Price
$1037k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$207k
Closing costs
1%
$10,370
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,796
Total Expenses
$9,003
Mortgage P&I
97%
$5,631
Property Taxes
18%
$1,032
Home Insurance
6%
$368
HOA
0%
$0
Property Management
12%
$696
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$638