This property looks like a bad Mid-Term investment with a projected -16% first-year return on $215k initial cash invested.
-16%
Cash On Cash
2.76%
Cap Rate
0.45
DSCR
$4,764
Rent
-$2,868
Cashflow
Cash Flow
$4,764 income − $7,632 expenses = $2,868 out of pocket
Investment Breakdown
|
Purchase Price
$939k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,387
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,764
Total Expenses
$7,632
Mortgage P&I
102%
$4,836
Property Taxes
8%
$385
Home Insurance
8%
$385
HOA
9%
$405
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$524