This property looks like a bad Mid-Term investment with a projected -19.56% first-year return on $223k initial cash invested.
-19.56%
Cash On Cash
1.76%
Cap Rate
0.29
DSCR
$2,763
Rent
-$3,630
Cashflow
Cash Flow
$2,763 income − $6,393 expenses = $3,630 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,763
Total Expenses
$6,393
Mortgage P&I
179%
$4,948
Property Taxes
6%
$159
Home Insurance
12%
$341
HOA
0%
$4
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304