This property looks like a bad Mid-Term investment with a projected -16.08% first-year return on $224k initial cash invested.
-16.08%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$4,575
Rent
-$3,005
Cashflow
Cash Flow
$4,575 income − $7,580 expenses = $3,005 out of pocket
Investment Breakdown
|
Purchase Price
$982k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,823
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,575
Total Expenses
$7,580
Mortgage P&I
115%
$5,283
Property Taxes
10%
$471
Home Insurance
6%
$271
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503