This property looks like a bad Mid-Term investment with a projected -13.53% first-year return on $238k initial cash invested.
-13.53%
Cash On Cash
3.65%
Cap Rate
0.57
DSCR
$6,636
Rent
-$2,681
Cashflow
Cash Flow
$6,636 income − $9,317 expenses = $2,681 out of pocket
Investment Breakdown
|
Purchase Price
$1046k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$238k
Downpayment
20%
$209k
Closing costs
1%
$10,464
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,636
Total Expenses
$9,317
Mortgage P&I
84%
$5,603
Property Taxes
15%
$1,011
Home Insurance
6%
$401
HOA
1%
$47
Property Management
12%
$796
CapEx
4%
$265
Vacancy
3%
$199
Maintenance
4%
$265
Other
11%
$730