This property looks like a bad Mid-Term investment with a projected -14.52% first-year return on $228k initial cash invested.
-14.52%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$5,562
Rent
-$2,758
Cashflow
Cash Flow
$5,562 income − $8,320 expenses = $2,758 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,562
Total Expenses
$8,320
Mortgage P&I
91%
$5,084
Property Taxes
18%
$996
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$612