This property looks like a bad Mid-Term investment with a projected -14.43% first-year return on $223k initial cash invested.
-14.43%
Cash On Cash
3.61%
Cap Rate
0.55
DSCR
$6,224
Rent
-$2,684
Cashflow
Cash Flow
$6,224 income − $8,908 expenses = $2,684 out of pocket
Investment Breakdown
|
Purchase Price
$977k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,771
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,224
Total Expenses
$8,908
Mortgage P&I
86%
$5,378
Property Taxes
17%
$1,042
Home Insurance
6%
$371
HOA
0%
$0
Property Management
12%
$747
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$685