This property looks like a bad Mid-Term investment with a projected -22.54% first-year return on $228k initial cash invested.
-22.54%
Cash On Cash
1.52%
Cap Rate
0.23
DSCR
$3,705
Rent
-$4,282
Cashflow
Cash Flow
$3,705 income − $7,987 expenses = $4,282 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,705
Total Expenses
$7,987
Mortgage P&I
146%
$5,402
Property Taxes
26%
$975
Home Insurance
9%
$350
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408