This property looks like a bad Mid-Term investment with a projected -15.23% first-year return on $230k initial cash invested.
-15.23%
Cash On Cash
3%
Cap Rate
0.48
DSCR
$5,313
Rent
-$2,914
Cashflow
Cash Flow
$5,313 income − $8,227 expenses = $2,914 out of pocket
Investment Breakdown
|
Purchase Price
$1007k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$201k
Closing costs
1%
$10,073
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,313
Total Expenses
$8,227
Mortgage P&I
98%
$5,221
Property Taxes
17%
$884
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$159
Maintenance
4%
$213
Other
11%
$584