This property looks like a bad Mid-Term investment with a projected -14.13% first-year return on $221k initial cash invested.
-14.13%
Cash On Cash
3.55%
Cap Rate
0.55
DSCR
$5,920
Rent
-$2,603
Cashflow
Cash Flow
$5,920 income − $8,523 expenses = $2,603 out of pocket
Investment Breakdown
|
Purchase Price
$967k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,668
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,920
Total Expenses
$8,523
Mortgage P&I
88%
$5,229
Property Taxes
16%
$936
Home Insurance
6%
$345
HOA
0%
$0
Property Management
12%
$710
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$651