This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $227k initial cash invested.
-6.03%
Cash On Cash
5.06%
Cap Rate
0.83
DSCR
$6,742
Rent
-$1,141
Cashflow
Cash Flow
$6,742 income − $7,883 expenses = $1,141 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,742
Total Expenses
$7,883
Mortgage P&I
75%
$5,068
Property Taxes
3%
$174
Home Insurance
5%
$348
HOA
0%
$0
Property Management
12%
$809
CapEx
4%
$270
Vacancy
3%
$202
Maintenance
4%
$270
Other
11%
$742