This property looks like a bad Mid-Term investment with a projected -11.4% first-year return on $243k initial cash invested.
-11.4%
Cash On Cash
4.39%
Cap Rate
0.66
DSCR
$7,474
Rent
-$2,308
Cashflow
Cash Flow
$7,474 income − $9,782 expenses = $2,308 out of pocket
Investment Breakdown
|
Purchase Price
$1071k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$214k
Closing costs
1%
$10,711
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,474
Total Expenses
$9,782
Mortgage P&I
79%
$5,923
Property Taxes
13%
$1,003
Home Insurance
4%
$315
HOA
0%
$0
Property Management
12%
$897
CapEx
4%
$299
Vacancy
3%
$224
Maintenance
4%
$299
Other
11%
$822