This property looks like a bad Mid-Term investment with a projected -18.09% first-year return on $217k initial cash invested.
-18.09%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$3,956
Rent
-$3,267
Cashflow
Cash Flow
$3,956 income − $7,223 expenses = $3,267 out of pocket
Investment Breakdown
|
Purchase Price
$947k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,465
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,956
Total Expenses
$7,223
Mortgage P&I
133%
$5,242
Property Taxes
7%
$290
Home Insurance
9%
$346
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435