This property looks like a bad Mid-Term investment with a projected -14.35% first-year return on $233k initial cash invested.
-14.35%
Cash On Cash
3.3%
Cap Rate
0.52
DSCR
$5,982
Rent
-$2,786
Cashflow
Cash Flow
$5,982 income − $8,768 expenses = $2,786 out of pocket
Investment Breakdown
|
Purchase Price
$1024k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$205k
Closing costs
1%
$10,238
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,982
Total Expenses
$8,768
Mortgage P&I
90%
$5,361
Property Taxes
17%
$1,006
Home Insurance
6%
$368
HOA
0%
$0
Property Management
12%
$718
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$658