This property looks like a bad Mid-Term investment with a projected -14.69% first-year return on $227k initial cash invested.
-14.69%
Cash On Cash
2.98%
Cap Rate
0.49
DSCR
$4,791
Rent
-$2,778
Cashflow
Cash Flow
$4,791 income − $7,569 expenses = $2,778 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,791
Total Expenses
$7,569
Mortgage P&I
106%
$5,055
Property Taxes
11%
$536
Home Insurance
7%
$348
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527