This property looks like a bad Mid-Term investment with a projected -18.96% first-year return on $237k initial cash invested.
-18.96%
Cash On Cash
2.6%
Cap Rate
0.39
DSCR
$4,690
Rent
-$3,746
Cashflow
Cash Flow
$4,690 income − $8,436 expenses = $3,746 out of pocket
Investment Breakdown
|
Purchase Price
$1043k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$237k
Downpayment
20%
$209k
Closing costs
1%
$10,430
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,690
Total Expenses
$8,436
Mortgage P&I
124%
$5,819
Property Taxes
14%
$638
Home Insurance
8%
$383
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516