This property looks like a bad Mid-Term investment with a projected -18.44% first-year return on $243k initial cash invested.
-18.44%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$4,156
Rent
-$3,731
Cashflow
Cash Flow
$4,156 income − $7,887 expenses = $3,731 out of pocket
Investment Breakdown
|
Purchase Price
$1070k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$214k
Closing costs
1%
$10,702
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,156
Total Expenses
$7,887
Mortgage P&I
131%
$5,458
Property Taxes
15%
$622
Home Insurance
9%
$394
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457