This property looks like a bad Mid-Term investment with a projected -21.74% first-year return on $216k initial cash invested.
-21.74%
Cash On Cash
1.68%
Cap Rate
0.26
DSCR
$2,577
Rent
-$3,922
Cashflow
Cash Flow
$2,577 income − $6,499 expenses = $3,922 out of pocket
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$189k
Closing costs
1%
$9,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,577
Total Expenses
$6,499
Mortgage P&I
200%
$5,144
Property Taxes
6%
$149
Home Insurance
13%
$331
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283