This property looks like a bad Mid-Term investment with a projected -17.46% first-year return on $232k initial cash invested.
-17.46%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$4,641
Rent
-$3,373
Cashflow
Cash Flow
$4,641 income − $8,014 expenses = $3,373 out of pocket
Investment Breakdown
|
Purchase Price
$1018k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$232k
Downpayment
20%
$204k
Closing costs
1%
$10,181
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,641
Total Expenses
$8,014
Mortgage P&I
119%
$5,528
Property Taxes
12%
$543
Home Insurance
8%
$364
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511