This property looks like a bad Mid-Term investment with a projected -12.3% first-year return on $227k initial cash invested.
-12.3%
Cash On Cash
3.74%
Cap Rate
0.6
DSCR
$5,440
Rent
-$2,330
Cashflow
Cash Flow
$5,440 income − $7,770 expenses = $2,330 out of pocket
Investment Breakdown
|
Purchase Price
$997k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,970
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,440
Total Expenses
$7,770
Mortgage P&I
96%
$5,217
Property Taxes
7%
$354
Home Insurance
6%
$349
HOA
0%
$0
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$598