This property looks like a bad Mid-Term investment with a projected -17.18% first-year return on $227k initial cash invested.
-17.18%
Cash On Cash
2.85%
Cap Rate
0.43
DSCR
$4,288
Rent
-$3,250
Cashflow
Cash Flow
$4,288 income − $7,538 expenses = $3,250 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,288
Total Expenses
$7,538
Mortgage P&I
127%
$5,443
Property Taxes
7%
$287
Home Insurance
8%
$348
HOA
0%
$0
Property Management
12%
$515
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$472