This property looks like a bad Mid-Term investment with a projected -10.34% first-year return on $225k initial cash invested.
-10.34%
Cash On Cash
4.45%
Cap Rate
0.69
DSCR
$7,772
Rent
-$1,936
Cashflow
Cash Flow
$7,772 income − $9,708 expenses = $1,936 out of pocket
Investment Breakdown
|
Purchase Price
$984k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,844
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,772
Total Expenses
$9,708
Mortgage P&I
68%
$5,279
Property Taxes
12%
$941
Home Insurance
5%
$350
HOA
6%
$495
Property Management
12%
$933
CapEx
4%
$311
Vacancy
3%
$233
Maintenance
4%
$311
Other
11%
$855