This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $227k initial cash invested.
-4.71%
Cash On Cash
5.41%
Cap Rate
0.89
DSCR
$8,241
Rent
-$891
Cashflow
Cash Flow
$8,241 income − $9,132 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
6.5%
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
$8,241
Total Expenses
$9,132
Mortgage P&I
61%
$5,044
Property Taxes
11%
$937
Home Insurance
4%
$348
HOA
0%
$0
Property Management
12%
$989
CapEx
4%
$330
Vacancy
3%
$247
Maintenance
4%
$330
Other
11%
$907