This property looks like a bad Mid-Term investment with a projected -14.68% first-year return on $211k initial cash invested.
-14.68%
Cash On Cash
3.21%
Cap Rate
0.51
DSCR
$4,683
Rent
-$2,578
Cashflow
Cash Flow
$4,683 income − $7,261 expenses = $2,578 out of pocket
Investment Breakdown
|
Purchase Price
$918k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,176
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,683
Total Expenses
$7,261
Mortgage P&I
103%
$4,842
Property Taxes
11%
$496
Home Insurance
7%
$332
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515