This property looks like a bad Mid-Term investment with a projected -16.37% first-year return on $226k initial cash invested.
-16.37%
Cash On Cash
2.88%
Cap Rate
0.45
DSCR
$4,978
Rent
-$3,085
Cashflow
Cash Flow
$4,978 income − $8,063 expenses = $3,085 out of pocket
Investment Breakdown
|
Purchase Price
$991k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,911
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,978
Total Expenses
$8,063
Mortgage P&I
106%
$5,262
Property Taxes
16%
$794
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$548