This property looks like a bad Mid-Term investment with a projected -12.69% first-year return on $226k initial cash invested.
-12.69%
Cash On Cash
3.57%
Cap Rate
0.58
DSCR
$5,626
Rent
-$2,385
Cashflow
Cash Flow
$5,626 income − $8,011 expenses = $2,385 out of pocket
Investment Breakdown
|
Purchase Price
$988k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,882
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,626
Total Expenses
$8,011
Mortgage P&I
91%
$5,099
Property Taxes
11%
$644
Home Insurance
6%
$355
HOA
0%
$0
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$619