This property looks like a bad Mid-Term investment with a projected -19.73% first-year return on $214k initial cash invested.
-19.73%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$4,494
Rent
-$3,523
Cashflow
Cash Flow
$4,494 income − $8,017 expenses = $3,523 out of pocket
Investment Breakdown
|
Purchase Price
$935k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,347
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,494
Total Expenses
$8,017
Mortgage P&I
110%
$4,945
Property Taxes
27%
$1,203
Home Insurance
8%
$341
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494