This property looks like a bad Mid-Term investment with a projected -13.29% first-year return on $210k initial cash invested.
-13.29%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$5,492
Rent
-$2,323
Cashflow
Cash Flow
$5,492 income − $7,815 expenses = $2,323 out of pocket
Investment Breakdown
|
Purchase Price
$913k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$183k
Closing costs
1%
$9,128
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,492
Total Expenses
$7,815
Mortgage P&I
90%
$4,940
Property Taxes
12%
$678
Home Insurance
6%
$329
HOA
0%
$0
Property Management
12%
$659
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$604