This property looks like a bad Mid-Term investment with a projected -7.04% first-year return on $225k initial cash invested.
-7.04%
Cash On Cash
5.29%
Cap Rate
0.82
DSCR
$8,397
Rent
-$1,319
Cashflow
Cash Flow
$8,397 income − $9,716 expenses = $1,319 out of pocket
Investment Breakdown
|
Purchase Price
$985k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,850
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,397
Total Expenses
$9,716
Mortgage P&I
63%
$5,324
Property Taxes
14%
$1,191
Home Insurance
4%
$345
HOA
0%
$0
Property Management
12%
$1,008
CapEx
4%
$336
Vacancy
3%
$252
Maintenance
4%
$336
Other
11%
$924