This property looks like a bad Mid-Term investment with a projected -9.61% first-year return on $234k initial cash invested.
-9.61%
Cash On Cash
4.77%
Cap Rate
0.72
DSCR
$8,032
Rent
-$1,869
Cashflow
Cash Flow
$8,032 income − $9,901 expenses = $1,869 out of pocket
Investment Breakdown
|
Purchase Price
$1026k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$205k
Closing costs
1%
$10,262
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,032
Total Expenses
$9,901
Mortgage P&I
70%
$5,624
Property Taxes
9%
$737
Home Insurance
5%
$385
HOA
5%
$424
Property Management
12%
$964
CapEx
4%
$321
Vacancy
3%
$241
Maintenance
4%
$321
Other
11%
$884