This property looks like a bad Mid-Term investment with a projected -18.08% first-year return on $218k initial cash invested.
-18.08%
Cash On Cash
2.74%
Cap Rate
0.41
DSCR
$3,836
Rent
-$3,286
Cashflow
Cash Flow
$3,836 income − $7,122 expenses = $3,286 out of pocket
Investment Breakdown
|
Purchase Price
$953k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$191k
Closing costs
1%
$9,527
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,836
Total Expenses
$7,122
Mortgage P&I
138%
$5,310
Property Taxes
4%
$159
Home Insurance
9%
$350
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422