This property looks like a bad Mid-Term investment with a projected -12.97% first-year return on $223k initial cash invested.
-12.97%
Cash On Cash
3.84%
Cap Rate
0.59
DSCR
$5,076
Rent
-$2,408
Cashflow
Cash Flow
$5,076 income − $7,484 expenses = $2,408 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,076
Total Expenses
$7,484
Mortgage P&I
105%
$5,321
Property Taxes
1%
$55
Home Insurance
7%
$341
HOA
1%
$42
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558