This property looks like a bad Mid-Term investment with a projected -15.22% first-year return on $213k initial cash invested.
-15.22%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$5,361
Rent
-$2,706
Cashflow
Cash Flow
$5,361 income − $8,067 expenses = $2,706 out of pocket
Investment Breakdown
|
Purchase Price
$930k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$186k
Closing costs
1%
$9,300
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,361
Total Expenses
$8,067
Mortgage P&I
93%
$5,012
Property Taxes
17%
$907
Home Insurance
6%
$326
HOA
0%
$0
Property Management
12%
$643
CapEx
4%
$214
Vacancy
3%
$161
Maintenance
4%
$214
Other
11%
$590