This property looks like a bad Mid-Term investment with a projected -19.45% first-year return on $225k initial cash invested.
-19.45%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$5,022
Rent
-$3,640
Cashflow
Cash Flow
$5,022 income − $8,662 expenses = $3,640 out of pocket
Investment Breakdown
|
Purchase Price
$984k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,835
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,022
Total Expenses
$8,662
Mortgage P&I
108%
$5,400
Property Taxes
22%
$1,087
Home Insurance
7%
$344
HOA
2%
$123
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$552