This property looks like a bad Mid-Term investment with a projected -18.37% first-year return on $239k initial cash invested.
-18.37%
Cash On Cash
2.36%
Cap Rate
0.37
DSCR
$3,766
Rent
-$3,651
Cashflow
Cash Flow
$3,766 income − $7,417 expenses = $3,651 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,766
Total Expenses
$7,417
Mortgage P&I
148%
$5,569
Property Taxes
5%
$199
Home Insurance
10%
$368
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414