This property looks like a bad Mid-Term investment with a projected -13.28% first-year return on $222k initial cash invested.
-13.28%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$5,824
Rent
-$2,452
Cashflow
Cash Flow
$5,824 income − $8,276 expenses = $2,452 out of pocket
Investment Breakdown
|
Purchase Price
$969k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,691
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,824
Total Expenses
$8,276
Mortgage P&I
88%
$5,144
Property Taxes
14%
$843
Home Insurance
5%
$308
HOA
0%
$0
Property Management
12%
$699
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$641