This property looks like a bad Mid-Term investment with a projected -14.03% first-year return on $216k initial cash invested.
-14.03%
Cash On Cash
3.26%
Cap Rate
0.53
DSCR
$6,366
Rent
-$2,520
Cashflow
Cash Flow
$6,366 income − $8,886 expenses = $2,520 out of pocket
Investment Breakdown
|
Purchase Price
$941k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$188k
Closing costs
1%
$9,408
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,366
Total Expenses
$8,886
Mortgage P&I
76%
$4,824
Property Taxes
18%
$1,168
Home Insurance
5%
$304
HOA
7%
$425
Property Management
12%
$764
CapEx
4%
$255
Vacancy
3%
$191
Maintenance
4%
$255
Other
11%
$700