This property looks like a bad Mid-Term investment with a projected -11.23% first-year return on $224k initial cash invested.
-11.23%
Cash On Cash
4.36%
Cap Rate
0.66
DSCR
$6,854
Rent
-$2,100
Cashflow
Cash Flow
$6,854 income − $8,954 expenses = $2,100 out of pocket
Investment Breakdown
|
Purchase Price
$983k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$197k
Closing costs
1%
$9,829
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,854
Total Expenses
$8,954
Mortgage P&I
79%
$5,401
Property Taxes
13%
$873
Home Insurance
5%
$350
HOA
0%
$0
Property Management
12%
$822
CapEx
4%
$274
Vacancy
3%
$206
Maintenance
4%
$274
Other
11%
$754