This property looks like a bad Mid-Term investment with a projected -17.31% first-year return on $217k initial cash invested.
-17.31%
Cash On Cash
2.75%
Cap Rate
0.42
DSCR
$4,124
Rent
-$3,134
Cashflow
Cash Flow
$4,124 income − $7,258 expenses = $3,134 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,124
Total Expenses
$7,258
Mortgage P&I
125%
$5,146
Property Taxes
9%
$377
Home Insurance
8%
$332
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454