This property looks like a bad Mid-Term investment with a projected -13.26% first-year return on $227k initial cash invested.
-13.26%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$6,315
Rent
-$2,506
Cashflow
Cash Flow
$6,315 income − $8,821 expenses = $2,506 out of pocket
Investment Breakdown
|
Purchase Price
$994k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,943
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,315
Total Expenses
$8,821
Mortgage P&I
87%
$5,464
Property Taxes
14%
$859
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$758
CapEx
4%
$253
Vacancy
3%
$189
Maintenance
4%
$253
Other
11%
$695