This property looks like a bad Mid-Term investment with a projected -10.88% first-year return on $217k initial cash invested.
-10.88%
Cash On Cash
4.22%
Cap Rate
0.66
DSCR
$5,540
Rent
-$1,971
Cashflow
Cash Flow
$5,540 income − $7,511 expenses = $1,971 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,498
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,540
Total Expenses
$7,511
Mortgage P&I
92%
$5,089
Property Taxes
4%
$206
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$609