This property looks like a bad Mid-Term investment with a projected -18.06% first-year return on $226k initial cash invested.
-18.06%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$5,208
Rent
-$3,398
Cashflow
Cash Flow
$5,208 income − $8,606 expenses = $3,398 out of pocket
Investment Breakdown
|
Purchase Price
$990k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,897
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,208
Total Expenses
$8,606
Mortgage P&I
103%
$5,374
Property Taxes
17%
$874
Home Insurance
6%
$314
HOA
5%
$274
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573