This property looks like a bad Mid-Term investment with a projected -16.16% first-year return on $234k initial cash invested.
-16.16%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$5,594
Rent
-$3,155
Cashflow
Cash Flow
$5,594 income − $8,749 expenses = $3,155 out of pocket
Investment Breakdown
|
Purchase Price
$1030k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,300
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,594
Total Expenses
$8,749
Mortgage P&I
100%
$5,575
Property Taxes
16%
$922
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$671
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$615