This property looks like a bad Mid-Term investment with a projected -15.22% first-year return on $228k initial cash invested.
-15.22%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$4,953
Rent
-$2,891
Cashflow
Cash Flow
$4,953 income − $7,844 expenses = $2,891 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,953
Total Expenses
$7,844
Mortgage P&I
109%
$5,381
Property Taxes
9%
$429
Home Insurance
7%
$350
HOA
0%
$0
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545