This property looks like a bad Mid-Term investment with a projected -15.65% first-year return on $222k initial cash invested.
-15.65%
Cash On Cash
2.56%
Cap Rate
0.43
DSCR
$4,128
Rent
-$2,894
Cashflow
Cash Flow
$4,128 income − $7,022 expenses = $2,894 out of pocket
Investment Breakdown
|
Purchase Price
$971k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,708
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,128
Total Expenses
$7,022
Mortgage P&I
116%
$4,799
Property Taxes
8%
$337
Home Insurance
9%
$359
HOA
3%
$124
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454