This property looks like a bad Mid-Term investment with a projected -13.33% first-year return on $221k initial cash invested.
-13.33%
Cash On Cash
3.32%
Cap Rate
0.54
DSCR
$5,392
Rent
-$2,457
Cashflow
Cash Flow
$5,392 income − $7,849 expenses = $2,457 out of pocket
Investment Breakdown
|
Purchase Price
$967k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,672
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,392
Total Expenses
$7,849
Mortgage P&I
91%
$4,918
Property Taxes
11%
$582
Home Insurance
6%
$348
HOA
3%
$167
Property Management
12%
$647
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$593