This property looks like a bad Mid-Term investment with a projected -12.99% first-year return on $225k initial cash invested.
-12.99%
Cash On Cash
3.75%
Cap Rate
0.58
DSCR
$6,000
Rent
-$2,433
Cashflow
Cash Flow
$6,000 income − $8,433 expenses = $2,433 out of pocket
Investment Breakdown
|
Purchase Price
$985k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,847
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,000
Total Expenses
$8,433
Mortgage P&I
88%
$5,274
Property Taxes
12%
$736
Home Insurance
6%
$350
HOA
1%
$33
Property Management
12%
$720
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$660