This property looks like a bad Mid-Term investment with a projected -22.59% first-year return on $233k initial cash invested.
-22.59%
Cash On Cash
1.36%
Cap Rate
0.21
DSCR
$2,808
Rent
-$4,392
Cashflow
Cash Flow
$2,808 income − $7,200 expenses = $4,392 out of pocket
Investment Breakdown
|
Purchase Price
$1026k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$205k
Closing costs
1%
$10,255
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,808
Total Expenses
$7,200
Mortgage P&I
194%
$5,439
Property Taxes
15%
$428
Home Insurance
14%
$379
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309