This property looks like a bad Mid-Term investment with a projected -17.04% first-year return on $221k initial cash invested.
-17.04%
Cash On Cash
2.49%
Cap Rate
0.4
DSCR
$3,994
Rent
-$3,138
Cashflow
Cash Flow
$3,994 income − $7,132 expenses = $3,138 out of pocket
Investment Breakdown
|
Purchase Price
$967k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,668
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,994
Total Expenses
$7,132
Mortgage P&I
125%
$4,984
Property Taxes
11%
$442
Home Insurance
9%
$348
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439