This property looks like a bad Mid-Term investment with a projected -17.95% first-year return on $211k initial cash invested.
-17.95%
Cash On Cash
2.6%
Cap Rate
0.4
DSCR
$4,588
Rent
-$3,161
Cashflow
Cash Flow
$4,588 income − $7,749 expenses = $3,161 out of pocket
Investment Breakdown
|
Purchase Price
$920k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,204
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,588
Total Expenses
$7,749
Mortgage P&I
108%
$4,975
Property Taxes
20%
$897
Home Insurance
7%
$315
HOA
0%
$0
Property Management
12%
$551
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$505