This property looks like a bad Mid-Term investment with a projected -13.86% first-year return on $225k initial cash invested.
-13.86%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$5,670
Rent
-$2,595
Cashflow
Cash Flow
$5,670 income − $8,265 expenses = $2,595 out of pocket
Investment Breakdown
|
Purchase Price
$984k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,842
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,670
Total Expenses
$8,265
Mortgage P&I
95%
$5,378
Property Taxes
11%
$610
Home Insurance
6%
$349
HOA
0%
$0
Property Management
12%
$680
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$624