This property looks like a bad Mid-Term investment with a projected -4.66% first-year return on $235k initial cash invested.
-4.66%
Cash On Cash
6.01%
Cap Rate
0.91
DSCR
$9,502
Rent
-$912
Cashflow
Cash Flow
$9,502 income − $10,414 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$1034k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$207k
Closing costs
1%
$10,338
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$9,502
Total Expenses
$10,414
Mortgage P&I
60%
$5,708
Property Taxes
12%
$1,108
Home Insurance
4%
$368
HOA
0%
$0
Property Management
12%
$1,140
CapEx
4%
$380
Vacancy
3%
$285
Maintenance
4%
$380
Other
11%
$1,045