This property looks like a bad Mid-Term investment with a projected -13.75% first-year return on $228k initial cash invested.
-13.75%
Cash On Cash
3.25%
Cap Rate
0.53
DSCR
$5,340
Rent
-$2,613
Cashflow
Cash Flow
$5,340 income − $7,953 expenses = $2,613 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,340
Total Expenses
$7,953
Mortgage P&I
96%
$5,108
Property Taxes
13%
$679
Home Insurance
7%
$350
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$587