This property looks like a bad Mid-Term investment with a projected -15.01% first-year return on $227k initial cash invested.
-15.01%
Cash On Cash
3.32%
Cap Rate
0.51
DSCR
$5,517
Rent
-$2,839
Cashflow
Cash Flow
$5,517 income − $8,356 expenses = $2,839 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,517
Total Expenses
$8,356
Mortgage P&I
97%
$5,373
Property Taxes
14%
$758
Home Insurance
6%
$348
HOA
0%
$0
Property Management
12%
$662
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$607