This property looks like a bad Mid-Term investment with a projected -9.45% first-year return on $224k initial cash invested.
-9.45%
Cash On Cash
4.3%
Cap Rate
0.7
DSCR
$6,116
Rent
-$1,766
Cashflow
Cash Flow
$6,116 income − $7,882 expenses = $1,766 out of pocket
Investment Breakdown
|
Purchase Price
$983k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$197k
Closing costs
1%
$9,825
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,116
Total Expenses
$7,882
Mortgage P&I
82%
$5,043
Property Taxes
7%
$415
Home Insurance
6%
$344
HOA
0%
$0
Property Management
12%
$734
CapEx
4%
$245
Vacancy
3%
$183
Maintenance
4%
$245
Other
11%
$673