This property looks like a bad Mid-Term investment with a projected -13.41% first-year return on $223k initial cash invested.
-13.41%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$5,006
Rent
-$2,490
Cashflow
Cash Flow
$5,006 income − $7,496 expenses = $2,490 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
6.9%
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
$5,006
Total Expenses
$7,496
Mortgage P&I
103%
$5,145
Property Taxes
6%
$308
Home Insurance
7%
$341
HOA
0%
$0
Property Management
12%
$601
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$551