This property looks like a bad Mid-Term investment with a projected -15.44% first-year return on $217k initial cash invested.
-15.44%
Cash On Cash
3.17%
Cap Rate
0.49
DSCR
$5,397
Rent
-$2,799
Cashflow
Cash Flow
$5,397 income − $8,196 expenses = $2,799 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,397
Total Expenses
$8,196
Mortgage P&I
94%
$5,094
Property Taxes
17%
$934
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594