This property looks like a bad Mid-Term investment with a projected -20.88% first-year return on $234k initial cash invested.
-20.88%
Cash On Cash
1.47%
Cap Rate
0.24
DSCR
$2,560
Rent
-$4,076
Cashflow
Cash Flow
$2,560 income − $6,636 expenses = $4,076 out of pocket
Investment Breakdown
|
Purchase Price
$1030k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,298
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$6,636
Mortgage P&I
204%
$5,235
Property Taxes
6%
$146
Home Insurance
15%
$385
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282