This property looks like a bad Mid-Term investment with a projected -12.46% first-year return on $218k initial cash invested.
-12.46%
Cash On Cash
3.6%
Cap Rate
0.58
DSCR
$5,570
Rent
-$2,258
Cashflow
Cash Flow
$5,570 income − $7,828 expenses = $2,258 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,570
Total Expenses
$7,828
Mortgage P&I
88%
$4,887
Property Taxes
13%
$715
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$668
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$613