This property looks like a bad Mid-Term investment with a projected -19.41% first-year return on $232k initial cash invested.
-19.41%
Cash On Cash
2.32%
Cap Rate
0.35
DSCR
$3,900
Rent
-$3,756
Cashflow
Cash Flow
$3,900 income − $7,656 expenses = $3,756 out of pocket
Investment Breakdown
|
Purchase Price
$1020k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$232k
Downpayment
20%
$204k
Closing costs
1%
$10,201
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,900
Total Expenses
$7,656
Mortgage P&I
143%
$5,573
Property Taxes
7%
$276
Home Insurance
10%
$376
HOA
3%
$105
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429