This property looks like a bad Mid-Term investment with a projected -14.92% first-year return on $215k initial cash invested.
-14.92%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$6,399
Rent
-$2,676
Cashflow
Cash Flow
$6,399 income − $9,075 expenses = $2,676 out of pocket
Investment Breakdown
|
Purchase Price
$939k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,393
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,399
Total Expenses
$9,075
Mortgage P&I
80%
$5,148
Property Taxes
16%
$994
Home Insurance
5%
$332
HOA
7%
$425
Property Management
12%
$768
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$704