This property looks like a bad Mid-Term investment with a projected -14.86% first-year return on $225k initial cash invested.
-14.86%
Cash On Cash
2.95%
Cap Rate
0.48
DSCR
$4,569
Rent
-$2,789
Cashflow
Cash Flow
$4,569 income − $7,358 expenses = $2,789 out of pocket
Investment Breakdown
|
Purchase Price
$987k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,871
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,569
Total Expenses
$7,358
Mortgage P&I
110%
$5,036
Property Taxes
9%
$411
Home Insurance
8%
$357
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503