This property looks like a bad Mid-Term investment with a projected -14.84% first-year return on $209k initial cash invested.
-14.84%
Cash On Cash
3.32%
Cap Rate
0.51
DSCR
$5,276
Rent
-$2,591
Cashflow
Cash Flow
$5,276 income − $7,867 expenses = $2,591 out of pocket
Investment Breakdown
|
Purchase Price
$912k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$182k
Closing costs
1%
$9,119
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,276
Total Expenses
$7,867
Mortgage P&I
93%
$4,903
Property Taxes
16%
$839
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580