This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $233k initial cash invested.
-4.23%
Cash On Cash
5.94%
Cap Rate
0.91
DSCR
$7,902
Rent
-$821
Cashflow
Cash Flow
$7,902 income − $8,723 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$1023k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$205k
Closing costs
1%
$10,233
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,902
Total Expenses
$8,723
Mortgage P&I
70%
$5,567
Property Taxes
2%
$155
Home Insurance
4%
$315
HOA
0%
$0
Property Management
12%
$948
CapEx
4%
$316
Vacancy
3%
$237
Maintenance
4%
$316
Other
11%
$869