This property looks like a bad Mid-Term investment with a projected -10.69% first-year return on $238k initial cash invested.
-10.69%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$7,533
Rent
-$2,120
Cashflow
Cash Flow
$7,533 income − $9,653 expenses = $2,120 out of pocket
Investment Breakdown
|
Purchase Price
$1047k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$238k
Downpayment
20%
$209k
Closing costs
1%
$10,470
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,533
Total Expenses
$9,653
Mortgage P&I
76%
$5,695
Property Taxes
14%
$1,030
Home Insurance
5%
$367
HOA
0%
$0
Property Management
12%
$904
CapEx
4%
$301
Vacancy
3%
$226
Maintenance
4%
$301
Other
11%
$829