This property looks like a bad Mid-Term investment with a projected -14.52% first-year return on $209k initial cash invested.
-14.52%
Cash On Cash
3.32%
Cap Rate
0.52
DSCR
$4,659
Rent
-$2,532
Cashflow
Cash Flow
$4,659 income − $7,191 expenses = $2,532 out of pocket
Investment Breakdown
|
Purchase Price
$911k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$182k
Closing costs
1%
$9,106
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,659
Total Expenses
$7,191
Mortgage P&I
104%
$4,865
Property Taxes
9%
$404
Home Insurance
7%
$339
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512