This property looks like a bad Mid-Term investment with a projected -17.29% first-year return on $222k initial cash invested.
-17.29%
Cash On Cash
2.93%
Cap Rate
0.44
DSCR
$5,768
Rent
-$3,193
Cashflow
Cash Flow
$5,768 income − $8,961 expenses = $3,193 out of pocket
Investment Breakdown
|
Purchase Price
$970k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,698
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,768
Total Expenses
$8,961
Mortgage P&I
92%
$5,328
Property Taxes
15%
$861
Home Insurance
6%
$341
HOA
8%
$470
Property Management
12%
$692
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$634