This property looks like a bad Mid-Term investment with a projected -15.5% first-year return on $229k initial cash invested.
-15.5%
Cash On Cash
3.16%
Cap Rate
0.49
DSCR
$5,994
Rent
-$2,955
Cashflow
Cash Flow
$5,994 income − $8,949 expenses = $2,955 out of pocket
Investment Breakdown
|
Purchase Price
$1004k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$229k
Downpayment
20%
$201k
Closing costs
1%
$10,036
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,994
Total Expenses
$8,949
Mortgage P&I
89%
$5,357
Property Taxes
20%
$1,186
Home Insurance
6%
$368
HOA
0%
$0
Property Management
12%
$719
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$659