This property looks like a bad Mid-Term investment with a projected -10.41% first-year return on $228k initial cash invested.
-10.41%
Cash On Cash
4.51%
Cap Rate
0.69
DSCR
$7,737
Rent
-$1,978
Cashflow
Cash Flow
$7,737 income − $9,715 expenses = $1,978 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,737
Total Expenses
$9,715
Mortgage P&I
70%
$5,428
Property Taxes
17%
$1,308
Home Insurance
5%
$350
HOA
0%
$0
Property Management
12%
$928
CapEx
4%
$309
Vacancy
3%
$232
Maintenance
4%
$309
Other
11%
$851