This property looks like a bad Mid-Term investment with a projected -19.23% first-year return on $227k initial cash invested.
-19.23%
Cash On Cash
2.36%
Cap Rate
0.36
DSCR
$4,200
Rent
-$3,636
Cashflow
Cash Flow
$4,200 income − $7,836 expenses = $3,636 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,200
Total Expenses
$7,836
Mortgage P&I
129%
$5,424
Property Taxes
15%
$636
Home Insurance
8%
$348
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462