This property looks like a bad Mid-Term investment with a projected -7.46% first-year return on $233k initial cash invested.
-7.46%
Cash On Cash
4.62%
Cap Rate
0.78
DSCR
$8,253
Rent
-$1,450
Cashflow
Cash Flow
$8,253 income − $9,703 expenses = $1,450 out of pocket
Investment Breakdown
|
Purchase Price
$1025k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$205k
Closing costs
1%
$10,245
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,253
Total Expenses
$9,703
Mortgage P&I
61%
$5,065
Property Taxes
18%
$1,483
Home Insurance
4%
$349
HOA
0%
$0
Property Management
12%
$990
CapEx
4%
$330
Vacancy
3%
$248
Maintenance
4%
$330
Other
11%
$908