This property looks like a bad Mid-Term investment with a projected -19.05% first-year return on $234k initial cash invested.
-19.05%
Cash On Cash
2.57%
Cap Rate
0.39
DSCR
$5,656
Rent
-$3,708
Cashflow
Cash Flow
$5,656 income − $9,364 expenses = $3,708 out of pocket
Investment Breakdown
|
Purchase Price
$1026k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$205k
Closing costs
1%
$10,263
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,656
Total Expenses
$9,364
Mortgage P&I
100%
$5,677
Property Taxes
18%
$1,024
Home Insurance
7%
$368
HOA
7%
$372
Property Management
12%
$679
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622