This property looks like a bad Mid-Term investment with a projected -16.46% first-year return on $234k initial cash invested.
-16.46%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$5,961
Rent
-$3,206
Cashflow
Cash Flow
$5,961 income − $9,167 expenses = $3,206 out of pocket
Investment Breakdown
|
Purchase Price
$1027k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$205k
Closing costs
1%
$10,274
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,961
Total Expenses
$9,167
Mortgage P&I
95%
$5,656
Property Taxes
8%
$449
Home Insurance
6%
$368
HOA
11%
$668
Property Management
12%
$715
CapEx
4%
$238
Vacancy
3%
$179
Maintenance
4%
$238
Other
11%
$656