This property looks like a bad Mid-Term investment with a projected -14.98% first-year return on $224k initial cash invested.
-14.98%
Cash On Cash
2.92%
Cap Rate
0.48
DSCR
$5,788
Rent
-$2,799
Cashflow
Cash Flow
$5,788 income − $8,587 expenses = $2,799 out of pocket
Investment Breakdown
|
Purchase Price
$982k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,821
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,788
Total Expenses
$8,587
Mortgage P&I
86%
$4,960
Property Taxes
23%
$1,307
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637