This property looks like a bad Mid-Term investment with a projected -14.26% first-year return on $224k initial cash invested.
-14.26%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$6,042
Rent
-$2,657
Cashflow
Cash Flow
$6,042 income − $8,699 expenses = $2,657 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,790
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,042
Total Expenses
$8,699
Mortgage P&I
88%
$5,306
Property Taxes
16%
$995
Home Insurance
6%
$343
HOA
0%
$0
Property Management
12%
$725
CapEx
4%
$242
Vacancy
3%
$181
Maintenance
4%
$242
Other
11%
$665