This property looks like a bad Mid-Term investment with a projected -19.29% first-year return on $228k initial cash invested.
-19.29%
Cash On Cash
2.19%
Cap Rate
0.34
DSCR
$3,654
Rent
-$3,661
Cashflow
Cash Flow
$3,654 income − $7,315 expenses = $3,661 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,654
Total Expenses
$7,315
Mortgage P&I
146%
$5,340
Property Taxes
8%
$308
Home Insurance
10%
$350
HOA
2%
$75
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402