This property looks like a bad Mid-Term investment with a projected -16.42% first-year return on $214k initial cash invested.
-16.42%
Cash On Cash
2.89%
Cap Rate
0.45
DSCR
$5,793
Rent
-$2,929
Cashflow
Cash Flow
$5,793 income − $8,722 expenses = $2,929 out of pocket
Investment Breakdown
|
Purchase Price
$933k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,334
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,793
Total Expenses
$8,722
Mortgage P&I
85%
$4,946
Property Taxes
26%
$1,479
Home Insurance
6%
$327
HOA
0%
$0
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637