This property looks like a bad Mid-Term investment with a projected -12.47% first-year return on $227k initial cash invested.
-12.47%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$5,790
Rent
-$2,359
Cashflow
Cash Flow
$5,790 income − $8,149 expenses = $2,359 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,790
Total Expenses
$8,149
Mortgage P&I
95%
$5,478
Property Taxes
6%
$353
Home Insurance
6%
$348
HOA
0%
$0
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637