This property looks like a bad Mid-Term investment with a projected -16.72% first-year return on $237k initial cash invested.
-16.72%
Cash On Cash
2.92%
Cap Rate
0.45
DSCR
$5,718
Rent
-$3,302
Cashflow
Cash Flow
$5,718 income − $9,020 expenses = $3,302 out of pocket
Investment Breakdown
|
Purchase Price
$1043k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$237k
Downpayment
20%
$209k
Closing costs
1%
$10,430
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,718
Total Expenses
$9,020
Mortgage P&I
98%
$5,615
Property Taxes
19%
$1,077
Home Insurance
7%
$383
HOA
0%
$0
Property Management
12%
$686
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$629