This property looks like a bad Mid-Term investment with a projected -14.67% first-year return on $228k initial cash invested.
-14.67%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$5,994
Rent
-$2,787
Cashflow
Cash Flow
$5,994 income − $8,781 expenses = $2,787 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
$5,994
Total Expenses
$8,781
Mortgage P&I
91%
$5,451
Property Taxes
16%
$942
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$719
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$659