This property looks like a bad Mid-Term investment with a projected -15.49% first-year return on $240k initial cash invested.
-15.49%
Cash On Cash
3.39%
Cap Rate
0.51
DSCR
$5,319
Rent
-$3,102
Cashflow
Cash Flow
$5,319 income − $8,421 expenses = $3,102 out of pocket
Investment Breakdown
|
Purchase Price
$1059k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$212k
Closing costs
1%
$10,589
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,319
Total Expenses
$8,421
Mortgage P&I
111%
$5,884
Property Taxes
6%
$343
Home Insurance
7%
$385
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$585