This property looks like a bad Mid-Term investment with a projected -12.56% first-year return on $235k initial cash invested.
-12.56%
Cash On Cash
3.92%
Cap Rate
0.61
DSCR
$6,690
Rent
-$2,460
Cashflow
Cash Flow
$6,690 income − $9,150 expenses = $2,460 out of pocket
Investment Breakdown
|
Purchase Price
$1034k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$207k
Closing costs
1%
$10,335
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,690
Total Expenses
$9,150
Mortgage P&I
83%
$5,569
Property Taxes
14%
$956
Home Insurance
5%
$349
HOA
0%
$0
Property Management
12%
$803
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$736