This property looks like a bad Mid-Term investment with a projected -7.39% first-year return on $228k initial cash invested.
-7.39%
Cash On Cash
4.8%
Cap Rate
0.79
DSCR
$7,932
Rent
-$1,404
Cashflow
Cash Flow
$7,932 income − $9,336 expenses = $1,404 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,932
Total Expenses
$9,336
Mortgage P&I
64%
$5,087
Property Taxes
15%
$1,220
Home Insurance
4%
$332
HOA
0%
$0
Property Management
12%
$952
CapEx
4%
$317
Vacancy
3%
$238
Maintenance
4%
$317
Other
11%
$873