This property looks like a bad Mid-Term investment with a projected -14.4% first-year return on $228k initial cash invested.
-14.4%
Cash On Cash
3.36%
Cap Rate
0.52
DSCR
$5,084
Rent
-$2,741
Cashflow
Cash Flow
$5,084 income − $7,825 expenses = $2,741 out of pocket
Investment Breakdown
|
Purchase Price
$1002k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$10,023
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,084
Total Expenses
$7,825
Mortgage P&I
105%
$5,343
Property Taxes
8%
$386
Home Insurance
7%
$368
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559