This property looks like a bad Mid-Term investment with a projected -22.09% first-year return on $228k initial cash invested.
-22.09%
Cash On Cash
1.51%
Cap Rate
0.24
DSCR
$3,590
Rent
-$4,193
Cashflow
Cash Flow
$3,590 income − $7,783 expenses = $4,193 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,590
Total Expenses
$7,783
Mortgage P&I
148%
$5,304
Property Taxes
25%
$907
Home Insurance
10%
$350
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395