This property looks like a bad Mid-Term investment with a projected -17.32% first-year return on $234k initial cash invested.
-17.32%
Cash On Cash
2.58%
Cap Rate
0.41
DSCR
$5,042
Rent
-$3,378
Cashflow
Cash Flow
$5,042 income − $8,420 expenses = $3,378 out of pocket
Investment Breakdown
|
Purchase Price
$1029k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,290
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,042
Total Expenses
$8,420
Mortgage P&I
107%
$5,385
Property Taxes
19%
$960
Home Insurance
7%
$360
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555