This property looks like a bad Mid-Term investment with a projected -21.99% first-year return on $225k initial cash invested.
-21.99%
Cash On Cash
1.79%
Cap Rate
0.27
DSCR
$4,534
Rent
-$4,123
Cashflow
Cash Flow
$4,534 income − $8,657 expenses = $4,123 out of pocket
Investment Breakdown
|
Purchase Price
$986k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,858
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,534
Total Expenses
$8,657
Mortgage P&I
119%
$5,416
Property Taxes
30%
$1,350
Home Insurance
8%
$350
HOA
0%
$0
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$499