This property looks like a bad Mid-Term investment with a projected -21.51% first-year return on $239k initial cash invested.
-21.51%
Cash On Cash
1.88%
Cap Rate
0.28
DSCR
$3,255
Rent
-$4,276
Cashflow
Cash Flow
$3,255 income − $7,531 expenses = $4,276 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,255
Total Expenses
$7,531
Mortgage P&I
178%
$5,792
Property Taxes
8%
$264
Home Insurance
11%
$368
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358