This property looks like a bad Mid-Term investment with a projected -22.64% first-year return on $234k initial cash invested.
-22.64%
Cash On Cash
1.62%
Cap Rate
0.25
DSCR
$5,334
Rent
-$4,423
Cashflow
Cash Flow
$5,334 income − $9,757 expenses = $4,423 out of pocket
Investment Breakdown
|
Purchase Price
$1031k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,306
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,334
Total Expenses
$9,757
Mortgage P&I
105%
$5,601
Property Taxes
36%
$1,924
Home Insurance
8%
$419
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587