This property looks like a bad Mid-Term investment with a projected -13.63% first-year return on $212k initial cash invested.
-13.63%
Cash On Cash
3.14%
Cap Rate
0.52
DSCR
$4,602
Rent
-$2,406
Cashflow
Cash Flow
$4,602 income − $7,008 expenses = $2,406 out of pocket
Investment Breakdown
|
Purchase Price
$923k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,231
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,602
Total Expenses
$7,008
Mortgage P&I
101%
$4,640
Property Taxes
10%
$472
Home Insurance
7%
$332
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506