This property looks like a bad Mid-Term investment with a projected -24.74% first-year return on $227k initial cash invested.
-24.74%
Cash On Cash
1.03%
Cap Rate
0.16
DSCR
$3,140
Rent
-$4,673
Cashflow
Cash Flow
$3,140 income − $7,813 expenses = $4,673 out of pocket
Investment Breakdown
|
Purchase Price
$994k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,938
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,140
Total Expenses
$7,813
Mortgage P&I
172%
$5,400
Property Taxes
32%
$995
Home Insurance
11%
$350
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345