This property looks like a bad Mid-Term investment with a projected -15.82% first-year return on $243k initial cash invested.
-15.82%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$7,024
Rent
-$3,202
Cashflow
Cash Flow
$7,024 income − $10,226 expenses = $3,202 out of pocket
Investment Breakdown
|
Purchase Price
$1071k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$214k
Closing costs
1%
$10,710
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,024
Total Expenses
$10,226
Mortgage P&I
84%
$5,926
Property Taxes
16%
$1,136
Home Insurance
5%
$385
HOA
6%
$390
Property Management
12%
$843
CapEx
4%
$281
Vacancy
3%
$211
Maintenance
4%
$281
Other
11%
$773