This property looks like a bad Mid-Term investment with a projected -22.35% first-year return on $235k initial cash invested.
-22.35%
Cash On Cash
1.5%
Cap Rate
0.23
DSCR
$3,290
Rent
-$4,379
Cashflow
Cash Flow
$3,290 income − $7,669 expenses = $4,379 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%
$10,339
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,290
Total Expenses
$7,669
Mortgage P&I
168%
$5,537
Property Taxes
23%
$751
Home Insurance
8%
$261
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362