This property looks like a bad Mid-Term investment with a projected -14.6% first-year return on $222k initial cash invested.
-14.6%
Cash On Cash
3.29%
Cap Rate
0.52
DSCR
$6,302
Rent
-$2,697
Cashflow
Cash Flow
$6,302 income − $8,999 expenses = $2,697 out of pocket
Investment Breakdown
|
Purchase Price
$970k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,701
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,302
Total Expenses
$8,999
Mortgage P&I
81%
$5,108
Property Taxes
18%
$1,109
Home Insurance
6%
$349
HOA
5%
$291
Property Management
12%
$756
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$693