This property looks like a bad Mid-Term investment with a projected -14.86% first-year return on $223k initial cash invested.
-14.86%
Cash On Cash
3.48%
Cap Rate
0.53
DSCR
$5,295
Rent
-$2,759
Cashflow
Cash Flow
$5,295 income − $8,054 expenses = $2,759 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,295
Total Expenses
$8,054
Mortgage P&I
102%
$5,375
Property Taxes
5%
$283
Home Insurance
6%
$341
HOA
5%
$255
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582