This property looks like a bad Mid-Term investment with a projected -16.46% first-year return on $214k initial cash invested.
-16.46%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$5,613
Rent
-$2,933
Cashflow
Cash Flow
$5,613 income − $8,546 expenses = $2,933 out of pocket
Investment Breakdown
|
Purchase Price
$933k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,328
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,613
Total Expenses
$8,546
Mortgage P&I
91%
$5,096
Property Taxes
19%
$1,050
Home Insurance
7%
$420
HOA
1%
$71
Property Management
12%
$674
CapEx
4%
$225
Vacancy
3%
$168
Maintenance
4%
$225
Other
11%
$617