This property looks like a bad Mid-Term investment with a projected -19.11% first-year return on $240k initial cash invested.
-19.11%
Cash On Cash
2.52%
Cap Rate
0.38
DSCR
$4,962
Rent
-$3,828
Cashflow
Cash Flow
$4,962 income − $8,790 expenses = $3,828 out of pocket
Investment Breakdown
|
Purchase Price
$1059k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$212k
Closing costs
1%
$10,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,962
Total Expenses
$8,790
Mortgage P&I
118%
$5,854
Property Taxes
11%
$546
Home Insurance
8%
$385
HOA
6%
$319
Property Management
12%
$595
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$546