This property looks like a bad Mid-Term investment with a projected -12.47% first-year return on $225k initial cash invested.
-12.47%
Cash On Cash
3.53%
Cap Rate
0.58
DSCR
$5,638
Rent
-$2,343
Cashflow
Cash Flow
$5,638 income − $7,981 expenses = $2,343 out of pocket
Investment Breakdown
|
Purchase Price
$988k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$198k
Closing costs
1%
$9,880
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,638
Total Expenses
$7,981
Mortgage P&I
89%
$5,026
Property Taxes
12%
$691
Home Insurance
6%
$346
HOA
0%
$0
Property Management
12%
$677
CapEx
4%
$226
Vacancy
3%
$169
Maintenance
4%
$226
Other
11%
$620