This property looks like a bad Mid-Term investment with a projected -9.25% first-year return on $232k initial cash invested.
-9.25%
Cash On Cash
4.63%
Cap Rate
0.73
DSCR
$7,700
Rent
-$1,790
Cashflow
Cash Flow
$7,700 income − $9,490 expenses = $1,790 out of pocket
Investment Breakdown
|
Purchase Price
$1020k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$232k
Downpayment
20%
$204k
Closing costs
1%
$10,196
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,700
Total Expenses
$9,490
Mortgage P&I
70%
$5,413
Property Taxes
12%
$960
Home Insurance
5%
$360
HOA
2%
$139
Property Management
12%
$924
CapEx
4%
$308
Vacancy
3%
$231
Maintenance
4%
$308
Other
11%
$847