This property looks like a bad Mid-Term investment with a projected -12.82% first-year return on $209k initial cash invested.
-12.82%
Cash On Cash
3.66%
Cap Rate
0.58
DSCR
$5,721
Rent
-$2,232
Cashflow
Cash Flow
$5,721 income − $7,953 expenses = $2,232 out of pocket
Investment Breakdown
|
Purchase Price
$909k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$182k
Closing costs
1%
$9,089
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,721
Total Expenses
$7,953
Mortgage P&I
83%
$4,773
Property Taxes
16%
$910
Home Insurance
6%
$324
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$629