This property looks like a bad Mid-Term investment with a projected -11.46% first-year return on $223k initial cash invested.
-11.46%
Cash On Cash
3.79%
Cap Rate
0.63
DSCR
$6,990
Rent
-$2,128
Cashflow
Cash Flow
$6,990 income − $9,118 expenses = $2,128 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,990
Total Expenses
$9,118
Mortgage P&I
71%
$4,929
Property Taxes
16%
$1,130
Home Insurance
5%
$341
HOA
5%
$340
Property Management
12%
$839
CapEx
4%
$280
Vacancy
3%
$210
Maintenance
4%
$280
Other
11%
$769