This property looks like a bad Mid-Term investment with a projected -15.61% first-year return on $226k initial cash invested.
-15.61%
Cash On Cash
2.79%
Cap Rate
0.46
DSCR
$4,650
Rent
-$2,939
Cashflow
Cash Flow
$4,650 income − $7,589 expenses = $2,939 out of pocket
Investment Breakdown
|
Purchase Price
$990k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,900
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,650
Total Expenses
$7,589
Mortgage P&I
109%
$5,053
Property Taxes
13%
$608
Home Insurance
7%
$346
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512