This property looks like a bad Mid-Term investment with a projected -15.49% first-year return on $211k initial cash invested.
-15.49%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$5,247
Rent
-$2,724
Cashflow
Cash Flow
$5,247 income − $7,971 expenses = $2,724 out of pocket
Investment Breakdown
|
Purchase Price
$919k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,192
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,247
Total Expenses
$7,971
Mortgage P&I
94%
$4,954
Property Taxes
17%
$890
Home Insurance
7%
$343
HOA
0%
$0
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577