This property looks like a bad Mid-Term investment with a projected -9.53% first-year return on $236k initial cash invested.
-9.53%
Cash On Cash
4.77%
Cap Rate
0.73
DSCR
$7,950
Rent
-$1,870
Cashflow
Cash Flow
$7,950 income − $9,820 expenses = $1,870 out of pocket
Investment Breakdown
|
Purchase Price
$1036k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$207k
Closing costs
1%
$10,360
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,950
Total Expenses
$9,820
Mortgage P&I
71%
$5,667
Property Taxes
13%
$1,068
Home Insurance
5%
$383
HOA
0%
$0
Property Management
12%
$954
CapEx
4%
$318
Vacancy
3%
$238
Maintenance
4%
$318
Other
11%
$874