This property looks like a bad Mid-Term investment with a projected -17.63% first-year return on $214k initial cash invested.
-17.63%
Cash On Cash
2.54%
Cap Rate
0.4
DSCR
$3,348
Rent
-$3,150
Cashflow
Cash Flow
$3,348 income − $6,498 expenses = $3,150 out of pocket
Investment Breakdown
|
Purchase Price
$936k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,355
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,348
Total Expenses
$6,498
Mortgage P&I
149%
$4,999
Property Taxes
6%
$197
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368