This property looks like a bad Mid-Term investment with a projected -15% first-year return on $239k initial cash invested.
-15%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$6,722
Rent
-$2,983
Cashflow
Cash Flow
$6,722 income − $9,705 expenses = $2,983 out of pocket
Investment Breakdown
|
Purchase Price
$1051k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$210k
Closing costs
1%
$10,505
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,722
Total Expenses
$9,705
Mortgage P&I
87%
$5,846
Property Taxes
18%
$1,206
Home Insurance
5%
$367
HOA
0%
$0
Property Management
12%
$807
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$739