This property looks like a bad Mid-Term investment with a projected -13.74% first-year return on $235k initial cash invested.
-13.74%
Cash On Cash
3.64%
Cap Rate
0.57
DSCR
$7,431
Rent
-$2,694
Cashflow
Cash Flow
$7,431 income − $10,125 expenses = $2,694 out of pocket
Investment Breakdown
|
Purchase Price
$1035k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$207k
Closing costs
1%
$10,350
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,431
Total Expenses
$10,125
Mortgage P&I
74%
$5,533
Property Taxes
23%
$1,704
Home Insurance
5%
$362
HOA
0%
$0
Property Management
12%
$892
CapEx
4%
$297
Vacancy
3%
$223
Maintenance
4%
$297
Other
11%
$817