This property looks like a bad Mid-Term investment with a projected -8.41% first-year return on $228k initial cash invested.
-8.41%
Cash On Cash
4.48%
Cap Rate
0.74
DSCR
$6,975
Rent
-$1,598
Cashflow
Cash Flow
$6,975 income − $8,573 expenses = $1,598 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,975
Total Expenses
$8,573
Mortgage P&I
72%
$5,056
Property Taxes
11%
$796
Home Insurance
5%
$350
HOA
0%
$0
Property Management
12%
$837
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$767