This property looks like a bad Mid-Term investment with a projected -12.79% first-year return on $222k initial cash invested.
-12.79%
Cash On Cash
3.52%
Cap Rate
0.57
DSCR
$5,922
Rent
-$2,364
Cashflow
Cash Flow
$5,922 income − $8,286 expenses = $2,364 out of pocket
Investment Breakdown
|
Purchase Price
$970k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,701
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,922
Total Expenses
$8,286
Mortgage P&I
84%
$4,972
Property Taxes
16%
$959
Home Insurance
6%
$341
HOA
0%
$0
Property Management
12%
$711
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$651