This property looks like a bad Mid-Term investment with a projected -14.76% first-year return on $225k initial cash invested.
-14.76%
Cash On Cash
3.38%
Cap Rate
0.52
DSCR
$5,838
Rent
-$2,766
Cashflow
Cash Flow
$5,838 income − $8,604 expenses = $2,766 out of pocket
Investment Breakdown
|
Purchase Price
$985k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,850
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,838
Total Expenses
$8,604
Mortgage P&I
91%
$5,304
Property Taxes
17%
$969
Home Insurance
6%
$345
HOA
0%
$0
Property Management
12%
$701
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$642