This property looks like a bad Mid-Term investment with a projected -20.38% first-year return on $217k initial cash invested.
-20.38%
Cash On Cash
2.09%
Cap Rate
0.32
DSCR
$4,107
Rent
-$3,678
Cashflow
Cash Flow
$4,107 income − $7,785 expenses = $3,678 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,456
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,107
Total Expenses
$7,785
Mortgage P&I
126%
$5,164
Property Taxes
21%
$875
Home Insurance
9%
$350
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452