This property looks like a bad Mid-Term investment with a projected -15.56% first-year return on $228k initial cash invested.
-15.56%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$5,934
Rent
-$2,953
Cashflow
Cash Flow
$5,934 income − $8,887 expenses = $2,953 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,934
Total Expenses
$8,887
Mortgage P&I
91%
$5,399
Property Taxes
19%
$1,121
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$712
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$653