This property looks like a bad Mid-Term investment with a projected -14.67% first-year return on $229k initial cash invested.
-14.67%
Cash On Cash
3.47%
Cap Rate
0.54
DSCR
$6,880
Rent
-$2,804
Cashflow
Cash Flow
$6,880 income − $9,684 expenses = $2,804 out of pocket
Investment Breakdown
|
Purchase Price
$1007k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$229k
Downpayment
20%
$201k
Closing costs
1%
$10,066
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,880
Total Expenses
$9,684
Mortgage P&I
79%
$5,441
Property Taxes
24%
$1,642
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$826
CapEx
4%
$275
Vacancy
3%
$206
Maintenance
4%
$275
Other
11%
$757