This property looks like a bad Mid-Term investment with a projected -16.4% first-year return on $222k initial cash invested.
-16.4%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$5,757
Rent
-$3,034
Cashflow
Cash Flow
$5,757 income − $8,791 expenses = $3,034 out of pocket
Investment Breakdown
|
Purchase Price
$971k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,714
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,757
Total Expenses
$8,791
Mortgage P&I
92%
$5,301
Property Taxes
21%
$1,190
Home Insurance
6%
$343
HOA
0%
$0
Property Management
12%
$691
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633