This property looks like a bad Mid-Term investment with a projected -19.97% first-year return on $228k initial cash invested.
-19.97%
Cash On Cash
2.27%
Cap Rate
0.34
DSCR
$4,120
Rent
-$3,787
Cashflow
Cash Flow
$4,120 income − $7,907 expenses = $3,787 out of pocket
Investment Breakdown
|
Purchase Price
$998k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,980
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,120
Total Expenses
$7,907
Mortgage P&I
134%
$5,514
Property Taxes
10%
$413
Home Insurance
8%
$349
HOA
6%
$230
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453