This property looks like a bad Mid-Term investment with a projected -20.41% first-year return on $223k initial cash invested.
-20.41%
Cash On Cash
2.11%
Cap Rate
0.32
DSCR
$4,630
Rent
-$3,789
Cashflow
Cash Flow
$4,630 income − $8,419 expenses = $3,789 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,630
Total Expenses
$8,419
Mortgage P&I
115%
$5,315
Property Taxes
25%
$1,139
Home Insurance
7%
$341
HOA
1%
$50
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509