This property looks like a bad Mid-Term investment with a projected -14.9% first-year return on $233k initial cash invested.
-14.9%
Cash On Cash
2.95%
Cap Rate
0.49
DSCR
$5,712
Rent
-$2,893
Cashflow
Cash Flow
$5,712 income − $8,605 expenses = $2,893 out of pocket
Investment Breakdown
|
Purchase Price
$1024k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$205k
Closing costs
1%
$10,241
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,712
Total Expenses
$8,605
Mortgage P&I
91%
$5,184
Property Taxes
18%
$1,005
Home Insurance
6%
$367
HOA
2%
$109
Property Management
12%
$685
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$628