This property looks like a bad Mid-Term investment with a projected -15.96% first-year return on $219k initial cash invested.
-15.96%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$4,374
Rent
-$2,919
Cashflow
Cash Flow
$4,374 income − $7,293 expenses = $2,919 out of pocket
Investment Breakdown
|
Purchase Price
$959k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$192k
Closing costs
1%
$9,592
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,374
Total Expenses
$7,293
Mortgage P&I
119%
$5,194
Property Taxes
5%
$227
Home Insurance
9%
$385
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481