This property looks like a bad Mid-Term investment with a projected -17.2% first-year return on $234k initial cash invested.
-17.2%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$5,085
Rent
-$3,358
Cashflow
Cash Flow
$5,085 income − $8,443 expenses = $3,358 out of pocket
Investment Breakdown
|
Purchase Price
$1030k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,299
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,085
Total Expenses
$8,443
Mortgage P&I
113%
$5,732
Property Taxes
9%
$467
Home Insurance
10%
$516
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559