This property looks like a bad Mid-Term investment with a projected -17.38% first-year return on $228k initial cash invested.
-17.38%
Cash On Cash
2.28%
Cap Rate
0.37
DSCR
$3,381
Rent
-$3,297
Cashflow
Cash Flow
$3,381 income − $6,678 expenses = $3,297 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,985
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,381
Total Expenses
$6,678
Mortgage P&I
150%
$5,057
Property Taxes
4%
$122
Home Insurance
10%
$350
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372