This property looks like a bad Mid-Term investment with a projected -12.6% first-year return on $243k initial cash invested.
-12.6%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$8,044
Rent
-$2,548
Cashflow
Cash Flow
$8,044 income − $10,592 expenses = $2,548 out of pocket
Investment Breakdown
|
Purchase Price
$1070k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$214k
Closing costs
1%
$10,695
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,044
Total Expenses
$10,592
Mortgage P&I
73%
$5,873
Property Taxes
13%
$1,070
Home Insurance
5%
$384
HOA
7%
$530
Property Management
12%
$965
CapEx
4%
$322
Vacancy
3%
$241
Maintenance
4%
$322
Other
11%
$885