This property looks like a bad Mid-Term investment with a projected -13.79% first-year return on $227k initial cash invested.
-13.79%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$6,040
Rent
-$2,613
Cashflow
Cash Flow
$6,040 income − $8,653 expenses = $2,613 out of pocket
Investment Breakdown
|
Purchase Price
$997k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,968
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,040
Total Expenses
$8,653
Mortgage P&I
88%
$5,293
Property Taxes
16%
$963
Home Insurance
6%
$343
HOA
0%
$0
Property Management
12%
$725
CapEx
4%
$242
Vacancy
3%
$181
Maintenance
4%
$242
Other
11%
$664