This property looks like a bad Mid-Term investment with a projected -23.64% first-year return on $212k initial cash invested.
-23.64%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$2,241
Rent
-$4,181
Cashflow
Cash Flow
$2,241 income − $6,422 expenses = $4,181 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,241
Total Expenses
$6,422
Mortgage P&I
216%
$4,830
Property Taxes
23%
$505
Home Insurance
14%
$324
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247