This property looks like a bad Mid-Term investment with a projected -13.03% first-year return on $238k initial cash invested.
-13.03%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$6,798
Rent
-$2,579
Cashflow
Cash Flow
$6,798 income − $9,377 expenses = $2,579 out of pocket
Investment Breakdown
|
Purchase Price
$1045k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$238k
Downpayment
20%
$209k
Closing costs
1%
$10,453
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,798
Total Expenses
$9,377
Mortgage P&I
83%
$5,665
Property Taxes
15%
$1,032
Home Insurance
5%
$368
HOA
0%
$0
Property Management
12%
$816
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$748