This property looks like a bad Mid-Term investment with a projected -13.58% first-year return on $234k initial cash invested.
-13.58%
Cash On Cash
3.27%
Cap Rate
0.54
DSCR
$5,706
Rent
-$2,646
Cashflow
Cash Flow
$5,706 income − $8,352 expenses = $2,646 out of pocket
Investment Breakdown
|
Purchase Price
$1027k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$205k
Closing costs
1%
$10,274
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,706
Total Expenses
$8,352
Mortgage P&I
91%
$5,217
Property Taxes
14%
$796
Home Insurance
6%
$368
HOA
1%
$31
Property Management
12%
$685
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$628