This property looks like a bad Mid-Term investment with a projected -14.72% first-year return on $238k initial cash invested.
-14.72%
Cash On Cash
3.38%
Cap Rate
0.52
DSCR
$5,794
Rent
-$2,919
Cashflow
Cash Flow
$5,794 income − $8,713 expenses = $2,919 out of pocket
Investment Breakdown
|
Purchase Price
$1048k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$238k
Downpayment
20%
$210k
Closing costs
1%
$10,476
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,794
Total Expenses
$8,713
Mortgage P&I
97%
$5,640
Property Taxes
12%
$721
Home Insurance
7%
$378
HOA
0%
$4
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637