This property looks like a bad Mid-Term investment with a projected -17.84% first-year return on $241k initial cash invested.
-17.84%
Cash On Cash
2.93%
Cap Rate
0.43
DSCR
$4,767
Rent
-$3,578
Cashflow
Cash Flow
$4,767 income − $8,345 expenses = $3,578 out of pocket
Investment Breakdown
|
Purchase Price
$1060k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$212k
Closing costs
1%
$10,601
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,767
Total Expenses
$8,345
Mortgage P&I
125%
$5,977
Property Taxes
8%
$362
Home Insurance
8%
$385
HOA
0%
$0
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$524