This property looks like a bad Mid-Term investment with a projected -13.11% first-year return on $224k initial cash invested.
-13.11%
Cash On Cash
3.33%
Cap Rate
0.55
DSCR
$5,342
Rent
-$2,449
Cashflow
Cash Flow
$5,342 income − $7,791 expenses = $2,449 out of pocket
Investment Breakdown
|
Purchase Price
$982k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,819
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,342
Total Expenses
$7,791
Mortgage P&I
93%
$4,956
Property Taxes
11%
$598
Home Insurance
8%
$420
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588