This property looks like a bad Mid-Term investment with a projected -14.34% first-year return on $226k initial cash invested.
-14.34%
Cash On Cash
3.51%
Cap Rate
0.54
DSCR
$6,699
Rent
-$2,704
Cashflow
Cash Flow
$6,699 income − $9,403 expenses = $2,704 out of pocket
Investment Breakdown
|
Purchase Price
$992k
Downpayment
20.0%
Interest Rate
7.1%
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
$6,699
Total Expenses
$9,403
Mortgage P&I
80%
$5,335
Property Taxes
19%
$1,302
Home Insurance
7%
$488
HOA
0%
$0
Property Management
12%
$804
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$737