This property looks like a bad Mid-Term investment with a projected -14.54% first-year return on $239k initial cash invested.
-14.54%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$6,050
Rent
-$2,901
Cashflow
Cash Flow
$6,050 income − $8,951 expenses = $2,901 out of pocket
Investment Breakdown
|
Purchase Price
$1054k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$211k
Closing costs
1%
$10,543
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,050
Total Expenses
$8,951
Mortgage P&I
93%
$5,631
Property Taxes
15%
$879
Home Insurance
6%
$383
HOA
0%
$0
Property Management
12%
$726
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666