This property looks like a bad Mid-Term investment with a projected -13.54% first-year return on $233k initial cash invested.
-13.54%
Cash On Cash
3.23%
Cap Rate
0.53
DSCR
$5,577
Rent
-$2,628
Cashflow
Cash Flow
$5,577 income − $8,205 expenses = $2,628 out of pocket
Investment Breakdown
|
Purchase Price
$1023k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$205k
Closing costs
1%
$10,232
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,577
Total Expenses
$8,205
Mortgage P&I
93%
$5,162
Property Taxes
14%
$790
Home Insurance
6%
$358
HOA
0%
$0
Property Management
12%
$669
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$613