This property looks like a bad Mid-Term investment with a projected -5.23% first-year return on $226k initial cash invested.
-5.23%
Cash On Cash
5.72%
Cap Rate
0.88
DSCR
$8,490
Rent
-$986
Cashflow
Cash Flow
$8,490 income − $9,476 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$991k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,909
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,490
Total Expenses
$9,476
Mortgage P&I
63%
$5,369
Property Taxes
10%
$887
Home Insurance
4%
$332
HOA
0%
$0
Property Management
12%
$1,019
CapEx
4%
$340
Vacancy
3%
$255
Maintenance
4%
$340
Other
11%
$934