This property looks like a bad Mid-Term investment with a projected -15.64% first-year return on $217k initial cash invested.
-15.64%
Cash On Cash
3.06%
Cap Rate
0.48
DSCR
$5,336
Rent
-$2,824
Cashflow
Cash Flow
$5,336 income − $8,160 expenses = $2,824 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,464
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,336
Total Expenses
$8,160
Mortgage P&I
94%
$5,025
Property Taxes
18%
$954
Home Insurance
7%
$368
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587