This property looks like a bad Mid-Term investment with a projected -22.6% first-year return on $227k initial cash invested.
-22.6%
Cash On Cash
1.59%
Cap Rate
0.24
DSCR
$2,582
Rent
-$4,274
Cashflow
Cash Flow
$2,582 income − $6,856 expenses = $4,274 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,582
Total Expenses
$6,856
Mortgage P&I
213%
$5,487
Property Taxes
6%
$144
Home Insurance
13%
$348
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284