This property looks like a bad Mid-Term investment with a projected -23.23% first-year return on $212k initial cash invested.
-23.23%
Cash On Cash
1.38%
Cap Rate
0.21
DSCR
$3,798
Rent
-$4,104
Cashflow
Cash Flow
$3,798 income − $7,902 expenses = $4,104 out of pocket
Investment Breakdown
|
Purchase Price
$924k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,238
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,798
Total Expenses
$7,902
Mortgage P&I
132%
$5,016
Property Taxes
33%
$1,262
Home Insurance
9%
$332
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418