This property looks like a bad Mid-Term investment with a projected -15.74% first-year return on $222k initial cash invested.
-15.74%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$4,736
Rent
-$2,914
Cashflow
Cash Flow
$4,736 income − $7,650 expenses = $2,914 out of pocket
Investment Breakdown
|
Purchase Price
$972k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,719
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,736
Total Expenses
$7,650
Mortgage P&I
109%
$5,159
Property Taxes
11%
$532
Home Insurance
7%
$350
HOA
0%
$0
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$521