This property looks like a bad Mid-Term investment with a projected -21.73% first-year return on $227k initial cash invested.
-21.73%
Cash On Cash
1.27%
Cap Rate
0.21
DSCR
$2,628
Rent
-$4,110
Cashflow
Cash Flow
$2,628 income − $6,738 expenses = $4,110 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,628
Total Expenses
$6,738
Mortgage P&I
193%
$5,060
Property Taxes
16%
$408
Home Insurance
13%
$348
HOA
1%
$29
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289