This property looks like a bad Mid-Term investment with a projected -15.17% first-year return on $228k initial cash invested.
-15.17%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$4,300
Rent
-$2,879
Cashflow
Cash Flow
$4,300 income − $7,179 expenses = $2,879 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,300
Total Expenses
$7,179
Mortgage P&I
117%
$5,042
Property Taxes
8%
$325
Home Insurance
8%
$350
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473