This property looks like a bad Mid-Term investment with a projected -16.65% first-year return on $223k initial cash invested.
-16.65%
Cash On Cash
2.88%
Cap Rate
0.45
DSCR
$5,198
Rent
-$3,091
Cashflow
Cash Flow
$5,198 income − $8,289 expenses = $3,091 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.1%
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
$5,198
Total Expenses
$8,289
Mortgage P&I
100%
$5,221
Property Taxes
18%
$959
Home Insurance
7%
$341
HOA
0%
$0
Property Management
12%
$624
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$572