This property looks like a bad Mid-Term investment with a projected -16.99% first-year return on $213k initial cash invested.
-16.99%
Cash On Cash
2.36%
Cap Rate
0.39
DSCR
$3,594
Rent
-$3,020
Cashflow
Cash Flow
$3,594 income − $6,614 expenses = $3,020 out of pocket
Investment Breakdown
|
Purchase Price
$930k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$186k
Closing costs
1%
$9,300
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,594
Total Expenses
$6,614
Mortgage P&I
131%
$4,702
Property Taxes
10%
$364
Home Insurance
9%
$326
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395