This property looks like a bad Mid-Term investment with a projected -26.82% first-year return on $228k initial cash invested.
-26.82%
Cash On Cash
0.15%
Cap Rate
0.02
DSCR
$2,319
Rent
-$5,091
Cashflow
Cash Flow
$2,319 income − $7,410 expenses = $5,091 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,319
Total Expenses
$7,410
Mortgage P&I
221%
$5,122
Property Taxes
50%
$1,149
Home Insurance
15%
$350
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255