This property looks like a bad Mid-Term investment with a projected -16.25% first-year return on $218k initial cash invested.
-16.25%
Cash On Cash
2.54%
Cap Rate
0.42
DSCR
$3,826
Rent
-$2,945
Cashflow
Cash Flow
$3,826 income − $6,771 expenses = $2,945 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,826
Total Expenses
$6,771
Mortgage P&I
126%
$4,805
Property Taxes
9%
$333
Home Insurance
9%
$332
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421