This property looks like a bad Mid-Term investment with a projected -15.08% first-year return on $212k initial cash invested.
-15.08%
Cash On Cash
3.36%
Cap Rate
0.52
DSCR
$5,859
Rent
-$2,662
Cashflow
Cash Flow
$5,859 income − $8,521 expenses = $2,662 out of pocket
Investment Breakdown
|
Purchase Price
$923k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,228
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,859
Total Expenses
$8,521
Mortgage P&I
85%
$5,009
Property Taxes
20%
$1,176
Home Insurance
6%
$345
HOA
0%
$0
Property Management
12%
$703
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644