This property looks like a bad Mid-Term investment with a projected -11.13% first-year return on $226k initial cash invested.
-11.13%
Cash On Cash
4.08%
Cap Rate
0.65
DSCR
$6,684
Rent
-$2,093
Cashflow
Cash Flow
$6,684 income − $8,777 expenses = $2,093 out of pocket
Investment Breakdown
|
Purchase Price
$989k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,684
Total Expenses
$8,777
Mortgage P&I
78%
$5,187
Property Taxes
15%
$972
Home Insurance
5%
$346
HOA
0%
$0
Property Management
12%
$802
CapEx
4%
$267
Vacancy
3%
$201
Maintenance
4%
$267
Other
11%
$735