This property looks like a bad Mid-Term investment with a projected -18.28% first-year return on $241k initial cash invested.
-18.28%
Cash On Cash
2.48%
Cap Rate
0.39
DSCR
$5,082
Rent
-$3,674
Cashflow
Cash Flow
$5,082 income − $8,756 expenses = $3,674 out of pocket
Investment Breakdown
|
Purchase Price
$1063k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$213k
Closing costs
1%
$10,630
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,082
Total Expenses
$8,756
Mortgage P&I
111%
$5,665
Property Taxes
20%
$992
Home Insurance
7%
$372
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559