This property looks like a bad Mid-Term investment with a projected -14.53% first-year return on $226k initial cash invested.
-14.53%
Cash On Cash
3.61%
Cap Rate
0.54
DSCR
$6,002
Rent
-$2,734
Cashflow
Cash Flow
$6,002 income − $8,736 expenses = $2,734 out of pocket
Investment Breakdown
|
Purchase Price
$990k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,898
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,002
Total Expenses
$8,736
Mortgage P&I
91%
$5,469
Property Taxes
15%
$881
Home Insurance
6%
$346
HOA
0%
$0
Property Management
12%
$720
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$660