This property looks like a bad Mid-Term investment with a projected -13.86% first-year return on $223k initial cash invested.
-13.86%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$5,710
Rent
-$2,577
Cashflow
Cash Flow
$5,710 income − $8,287 expenses = $2,577 out of pocket
Investment Breakdown
|
Purchase Price
$977k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,765
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,710
Total Expenses
$8,287
Mortgage P&I
93%
$5,303
Property Taxes
12%
$701
Home Insurance
6%
$343
HOA
0%
$0
Property Management
12%
$685
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$628