This property looks like a bad Mid-Term investment with a projected -18.83% first-year return on $239k initial cash invested.
-18.83%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$4,130
Rent
-$3,743
Cashflow
Cash Flow
$4,130 income − $7,873 expenses = $3,743 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,130
Total Expenses
$7,873
Mortgage P&I
138%
$5,713
Property Taxes
9%
$388
Home Insurance
9%
$368
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454