This property looks like a bad Mid-Term investment with a projected -18.06% first-year return on $235k initial cash invested.
-18.06%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$4,808
Rent
-$3,536
Cashflow
Cash Flow
$4,808 income − $8,344 expenses = $3,536 out of pocket
Investment Breakdown
|
Purchase Price
$1033k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$207k
Closing costs
1%
$10,331
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,808
Total Expenses
$8,344
Mortgage P&I
119%
$5,722
Property Taxes
12%
$572
Home Insurance
9%
$416
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529