This property looks like a bad Mid-Term investment with a projected -11.37% first-year return on $218k initial cash invested.
-11.37%
Cash On Cash
4.22%
Cap Rate
0.64
DSCR
$5,490
Rent
-$2,061
Cashflow
Cash Flow
$5,490 income − $7,551 expenses = $2,061 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,490
Total Expenses
$7,551
Mortgage P&I
94%
$5,179
Property Taxes
2%
$93
Home Insurance
6%
$332
HOA
1%
$79
Property Management
12%
$659
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$604