This property looks like a bad Mid-Term investment with a projected -10.39% first-year return on $227k initial cash invested.
-10.39%
Cash On Cash
4.6%
Cap Rate
0.69
DSCR
$7,014
Rent
-$1,962
Cashflow
Cash Flow
$7,014 income − $8,976 expenses = $1,962 out of pocket
Investment Breakdown
|
Purchase Price
$994k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,937
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,014
Total Expenses
$8,976
Mortgage P&I
78%
$5,494
Property Taxes
11%
$746
Home Insurance
5%
$350
HOA
0%
$0
Property Management
12%
$842
CapEx
4%
$281
Vacancy
3%
$210
Maintenance
4%
$281
Other
11%
$772