This property looks like a bad Mid-Term investment with a projected -17.34% first-year return on $231k initial cash invested.
-17.34%
Cash On Cash
2.59%
Cap Rate
0.42
DSCR
$5,364
Rent
-$3,337
Cashflow
Cash Flow
$5,364 income − $8,701 expenses = $3,337 out of pocket
Investment Breakdown
|
Purchase Price
$1042k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$208k
Closing costs
1%
$10,423
Rehab
0%
$0
Furnishing
1%
$12,000
Cashflow
Total Income
$5,364
Total Expenses
$8,701
Mortgage P&I
100%
$5,374
Property Taxes
21%
$1,137
Home Insurance
7%
$365
HOA
0%
$0
Property Management
12%
$644
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$590