This property looks like a bad Mid-Term investment with a projected -12.56% first-year return on $218k initial cash invested.
-12.56%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$5,301
Rent
-$2,276
Cashflow
Cash Flow
$5,301 income − $7,577 expenses = $2,276 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.1%
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
$5,301
Total Expenses
$7,577
Mortgage P&I
96%
$5,094
Property Taxes
7%
$349
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$636
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$583