This property looks like a bad Mid-Term investment with a projected -14.26% first-year return on $226k initial cash invested.
-14.26%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$5,601
Rent
-$2,680
Cashflow
Cash Flow
$5,601 income − $8,281 expenses = $2,680 out of pocket
Investment Breakdown
|
Purchase Price
$989k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,885
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,601
Total Expenses
$8,281
Mortgage P&I
94%
$5,266
Property Taxes
15%
$814
Home Insurance
5%
$297
HOA
0%
$0
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616