This property looks like a bad Mid-Term investment with a projected -14.18% first-year return on $223k initial cash invested.
-14.18%
Cash On Cash
3.7%
Cap Rate
0.55
DSCR
$5,298
Rent
-$2,633
Cashflow
Cash Flow
$5,298 income − $7,931 expenses = $2,633 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.5%
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
$5,298
Total Expenses
$7,931
Mortgage P&I
102%
$5,425
Property Taxes
7%
$363
Home Insurance
6%
$341
HOA
0%
$0
Property Management
12%
$636
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$583