This property looks like a bad Mid-Term investment with a projected -14.79% first-year return on $226k initial cash invested.
-14.79%
Cash On Cash
3.19%
Cap Rate
0.51
DSCR
$5,964
Rent
-$2,781
Cashflow
Cash Flow
$5,964 income − $8,745 expenses = $2,781 out of pocket
Investment Breakdown
|
Purchase Price
$989k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,964
Total Expenses
$8,745
Mortgage P&I
87%
$5,175
Property Taxes
16%
$964
Home Insurance
6%
$346
HOA
4%
$231
Property Management
12%
$716
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$656