This property looks like a bad Mid-Term investment with a projected -20.28% first-year return on $218k initial cash invested.
-20.28%
Cash On Cash
1.59%
Cap Rate
0.26
DSCR
$3,790
Rent
-$3,675
Cashflow
Cash Flow
$3,790 income − $7,465 expenses = $3,675 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,790
Total Expenses
$7,465
Mortgage P&I
126%
$4,782
Property Taxes
28%
$1,061
Home Insurance
9%
$332
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417