This property looks like a bad Mid-Term investment with a projected -12.7% first-year return on $215k initial cash invested.
-12.7%
Cash On Cash
3.76%
Cap Rate
0.59
DSCR
$5,846
Rent
-$2,280
Cashflow
Cash Flow
$5,846 income − $8,126 expenses = $2,280 out of pocket
Investment Breakdown
|
Purchase Price
$940k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,402
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,846
Total Expenses
$8,126
Mortgage P&I
85%
$4,994
Property Taxes
14%
$812
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$643