This property looks like a bad Mid-Term investment with a projected -17.07% first-year return on $217k initial cash invested.
-17.07%
Cash On Cash
2.28%
Cap Rate
0.38
DSCR
$4,492
Rent
-$3,089
Cashflow
Cash Flow
$4,492 income − $7,581 expenses = $3,089 out of pocket
Investment Breakdown
|
Purchase Price
$948k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,482
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,492
Total Expenses
$7,581
Mortgage P&I
105%
$4,708
Property Taxes
22%
$1,000
Home Insurance
8%
$345
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494