This property looks like a bad Mid-Term investment with a projected -24.98% first-year return on $240k initial cash invested.
-24.98%
Cash On Cash
1.06%
Cap Rate
0.16
DSCR
$2,828
Rent
-$4,991
Cashflow
Cash Flow
$2,828 income − $7,819 expenses = $4,991 out of pocket
Investment Breakdown
|
Purchase Price
$1056k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$211k
Closing costs
1%
$10,562
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,828
Total Expenses
$7,819
Mortgage P&I
206%
$5,815
Property Taxes
23%
$658
Home Insurance
14%
$385
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311