This property looks like a bad Mid-Term investment with a projected -14.31% first-year return on $226k initial cash invested.
-14.31%
Cash On Cash
3.28%
Cap Rate
0.52
DSCR
$4,910
Rent
-$2,691
Cashflow
Cash Flow
$4,910 income − $7,601 expenses = $2,691 out of pocket
Investment Breakdown
|
Purchase Price
$989k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,889
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,910
Total Expenses
$7,601
Mortgage P&I
106%
$5,201
Property Taxes
10%
$480
Home Insurance
5%
$252
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540