This property looks like a bad Mid-Term investment with a projected -24.15% first-year return on $219k initial cash invested.
-24.15%
Cash On Cash
0.53%
Cap Rate
0.09
DSCR
$1,676
Rent
-$4,407
Cashflow
Cash Flow
$1,676 income − $6,083 expenses = $4,407 out of pocket
Investment Breakdown
|
Purchase Price
$957k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$191k
Closing costs
1%
$9,569
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,676
Total Expenses
$6,083
Mortgage P&I
284%
$4,763
Property Taxes
24%
$403
Home Insurance
21%
$348
HOA
0%
$0
Property Management
12%
$201
CapEx
4%
$67
Vacancy
3%
$50
Maintenance
4%
$67
Other
11%
$184