This property looks like a bad Mid-Term investment with a projected -17.28% first-year return on $212k initial cash invested.
-17.28%
Cash On Cash
2.86%
Cap Rate
0.43
DSCR
$3,960
Rent
-$3,057
Cashflow
Cash Flow
$3,960 income − $7,017 expenses = $3,057 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,960
Total Expenses
$7,017
Mortgage P&I
129%
$5,106
Property Taxes
6%
$241
Home Insurance
8%
$324
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$436