This property looks like a bad Mid-Term investment with a projected -25.47% first-year return on $240k initial cash invested.
-25.47%
Cash On Cash
1.3%
Cap Rate
0.19
DSCR
$5,456
Rent
-$5,100
Cashflow
Cash Flow
$5,456 income − $10,556 expenses = $5,100 out of pocket
Investment Breakdown
|
Purchase Price
$1059k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$212k
Closing costs
1%
$10,586
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,456
Total Expenses
$10,556
Mortgage P&I
111%
$6,031
Property Taxes
30%
$1,630
Home Insurance
7%
$385
HOA
12%
$655
Property Management
12%
$655
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$600