This property looks like a bad Mid-Term investment with a projected -11.83% first-year return on $224k initial cash invested.
-11.83%
Cash On Cash
3.9%
Cap Rate
0.62
DSCR
$6,681
Rent
-$2,205
Cashflow
Cash Flow
$6,681 income − $8,886 expenses = $2,205 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,791
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,681
Total Expenses
$8,886
Mortgage P&I
77%
$5,124
Property Taxes
16%
$1,097
Home Insurance
6%
$394
HOA
0%
$0
Property Management
12%
$802
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$735