This property looks like a bad Mid-Term investment with a projected -19.37% first-year return on $234k initial cash invested.
-19.37%
Cash On Cash
2.15%
Cap Rate
0.34
DSCR
$3,724
Rent
-$3,784
Cashflow
Cash Flow
$3,724 income − $7,508 expenses = $3,784 out of pocket
Investment Breakdown
|
Purchase Price
$1030k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,304
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,724
Total Expenses
$7,508
Mortgage P&I
147%
$5,483
Property Taxes
10%
$362
Home Insurance
10%
$367
HOA
1%
$29
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410