This property looks like a bad Mid-Term investment with a projected -12.41% first-year return on $215k initial cash invested.
-12.41%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$5,296
Rent
-$2,222
Cashflow
Cash Flow
$5,296 income − $7,518 expenses = $2,222 out of pocket
Investment Breakdown
|
Purchase Price
$937k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$187k
Closing costs
1%
$9,372
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,296
Total Expenses
$7,518
Mortgage P&I
95%
$5,023
Property Taxes
8%
$401
Home Insurance
6%
$292
HOA
0%
$0
Property Management
12%
$636
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$583