This property looks like a bad Mid-Term investment with a projected -16.39% first-year return on $218k initial cash invested.
-16.39%
Cash On Cash
2.6%
Cap Rate
0.42
DSCR
$4,366
Rent
-$2,970
Cashflow
Cash Flow
$4,366 income − $7,336 expenses = $2,970 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,366
Total Expenses
$7,336
Mortgage P&I
111%
$4,852
Property Taxes
15%
$667
Home Insurance
8%
$332
HOA
0%
$0
Property Management
12%
$524
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$480