This property looks like a bad Mid-Term investment with a projected -20.75% first-year return on $223k initial cash invested.
-20.75%
Cash On Cash
1.95%
Cap Rate
0.3
DSCR
$3,082
Rent
-$3,852
Cashflow
Cash Flow
$3,082 income − $6,934 expenses = $3,852 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,082
Total Expenses
$6,934
Mortgage P&I
172%
$5,312
Property Taxes
8%
$234
Home Insurance
11%
$341
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339