This property looks like a bad Mid-Term investment with a projected -11.34% first-year return on $226k initial cash invested.
-11.34%
Cash On Cash
3.77%
Cap Rate
0.62
DSCR
$6,176
Rent
-$2,139
Cashflow
Cash Flow
$6,176 income − $8,315 expenses = $2,139 out of pocket
Investment Breakdown
|
Purchase Price
$992k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,918
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,176
Total Expenses
$8,315
Mortgage P&I
81%
$5,004
Property Taxes
14%
$864
Home Insurance
6%
$348
HOA
0%
$0
Property Management
12%
$741
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$679