This property looks like a bad Mid-Term investment with a projected -14.22% first-year return on $218k initial cash invested.
-14.22%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$5,516
Rent
-$2,583
Cashflow
Cash Flow
$5,516 income − $8,099 expenses = $2,583 out of pocket
Investment Breakdown
|
Purchase Price
$952k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,519
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,516
Total Expenses
$8,099
Mortgage P&I
94%
$5,202
Property Taxes
12%
$680
Home Insurance
6%
$341
HOA
0%
$0
Property Management
12%
$662
CapEx
4%
$221
Vacancy
3%
$165
Maintenance
4%
$221
Other
11%
$607