This property looks like a bad Mid-Term investment with a projected -15.01% first-year return on $234k initial cash invested.
-15.01%
Cash On Cash
3.12%
Cap Rate
0.5
DSCR
$5,462
Rent
-$2,925
Cashflow
Cash Flow
$5,462 income − $8,387 expenses = $2,925 out of pocket
Investment Breakdown
|
Purchase Price
$1028k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,277
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,462
Total Expenses
$8,387
Mortgage P&I
99%
$5,382
Property Taxes
11%
$614
Home Insurance
7%
$368
HOA
3%
$167
Property Management
12%
$655
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$601