This property looks like a bad Mid-Term investment with a projected -16.97% first-year return on $236k initial cash invested.
-16.97%
Cash On Cash
3.25%
Cap Rate
0.47
DSCR
$5,324
Rent
-$3,340
Cashflow
Cash Flow
$5,324 income − $8,664 expenses = $3,340 out of pocket
Investment Breakdown
|
Purchase Price
$1039k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$208k
Closing costs
1%
$10,389
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,324
Total Expenses
$8,664
Mortgage P&I
112%
$5,945
Property Taxes
9%
$490
Home Insurance
7%
$385
HOA
1%
$33
Property Management
12%
$639
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$586