This property looks like a bad Mid-Term investment with a projected -10.69% first-year return on $224k initial cash invested.
-10.69%
Cash On Cash
4.15%
Cap Rate
0.66
DSCR
$6,573
Rent
-$1,993
Cashflow
Cash Flow
$6,573 income − $8,566 expenses = $1,993 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,801
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,573
Total Expenses
$8,566
Mortgage P&I
78%
$5,118
Property Taxes
13%
$877
Home Insurance
5%
$336
HOA
0%
$0
Property Management
12%
$789
CapEx
4%
$263
Vacancy
3%
$197
Maintenance
4%
$263
Other
11%
$723