This property looks like a bad Mid-Term investment with a projected -14.5% first-year return on $234k initial cash invested.
-14.5%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$6,242
Rent
-$2,825
Cashflow
Cash Flow
$6,242 income − $9,067 expenses = $2,825 out of pocket
Investment Breakdown
|
Purchase Price
$1028k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,279
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,242
Total Expenses
$9,067
Mortgage P&I
90%
$5,600
Property Taxes
15%
$928
Home Insurance
6%
$368
HOA
1%
$48
Property Management
12%
$749
CapEx
4%
$250
Vacancy
3%
$187
Maintenance
4%
$250
Other
11%
$687