This property looks like a bad Mid-Term investment with a projected -17.47% first-year return on $242k initial cash invested.
-17.47%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$4,602
Rent
-$3,518
Cashflow
Cash Flow
$4,602 income − $8,120 expenses = $3,518 out of pocket
Investment Breakdown
|
Purchase Price
$1065k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$213k
Closing costs
1%
$10,650
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,602
Total Expenses
$8,120
Mortgage P&I
125%
$5,764
Property Taxes
9%
$419
Home Insurance
8%
$373
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506