This property looks like a bad Mid-Term investment with a projected -21.4% first-year return on $233k initial cash invested.
-21.4%
Cash On Cash
1.59%
Cap Rate
0.25
DSCR
$2,343
Rent
-$4,159
Cashflow
Cash Flow
$2,343 income − $6,502 expenses = $4,159 out of pocket
Investment Breakdown
|
Purchase Price
$1025k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$205k
Closing costs
1%
$10,246
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,343
Total Expenses
$6,502
Mortgage P&I
231%
$5,420
Property Taxes
4%
$93
Home Insurance
8%
$192
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258